Rio Tinto says receives approval to buy Alcan

SYDNEY (Reuters) – Global miner Rio Tinto Ltd/Plc (RIO.L)(RIO.AX) said on Monday it has received U.S. anti-trust clearance for its $38.1 billion acquisition of aluminum maker Alcan Inc (AL.TO).

The U.S. approval follows the province of Quebec’s government approval for the takeover earlier this month.Rio formally launched a pre-agreed offer for Montreal-based Alcan in July, trumping an earlier hostile offer by U.S. rival Alcoa (AA.N).

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This entry was posted in Active investigations, Consequences of seabed mining, Coorperations, Corperate power, Corruption, General mining, Open pit mining, Rio Tinto. Bookmark the permalink.

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