Financial Times FT.com

Rio Tinto sells Alcan arm to cut debt burden

By William MacNamara in London and Peter Smith in Sydney

Published: September 22 2009 07:53 | Last updated: September 23 2009 01:53

alumina refinery
Piles of problems: Rio’s acquisition of Alcan, and assets such as this alumina refinery in Australia, are the reason the group’s debt soared to $39bn

Rio Tinto’s gains this year from asset disposals reached $6bn (£3.7bn) on Tuesday after the sale of Alcan Composites, a niche manufacturer of aluminium products, for $349m.

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