Rio Tinto completes Dunkirk smelter sale
(Posted on 19/12/18)
Rio Tinto has completed the sale of its aluminium smelter at Dunkirk, France, to Liberty House for $500 million. Liberty House, which is part of the GFG Alliance (Gupta Family Group), has committed to continuing operations at the smelter and has announced plans for the development of additional activity around the site. As previously announced, the proceeds will be returned to shareholders, with the precise timing and form to be announced with Rio Tinto’s 2018 full year results. Rio Tinto estimates that there will be no material tax payable on this transaction.
Rio Tinto is a global leader in aluminium, one of the world’s most widely used metals. Active in the sector for more than 110 years, today they operate:
- large-scale, high-quality bauxite mines and alumina refineries
- the world’s most modern and competitive aluminium smelters portfolio
Rio Tinto’s industry leadership includes benchmark smelting technology and enviable hydropower position, key strengths in today’s carbon-constrained world.
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