Rio Tinto talks

Rio Tinto talks

According to reports, Rio Tinto is in advanced talks to sell its aluminium assets in Australia and New Zealand to GFG Alliance, the investment company run by Sanjeev Gupta.

While the talks could end without agreement, Mr Gupta is said to be keen to buy Rio’s Pacific Aluminium business as he looks to build a global industrial conglomerate spanning metals, power, renewable energy and finance.

For more information visit: https://www.ft.com/content/c8f3b678-b269-11e7-aa26-bb002965bce8

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