Rio Tinto Receives Offer for Aluminum Assets
Rio Tinto will launch a consultation process with employees, relevant European works councils and other stakeholders. Subject to satisfactory completion of these consultations and certain other conditions, Rio Tinto expects to conclude the sale in the second quarter of 2018.
“The binding offer for the sale of these assets provides further evidence of Rio Tinto’s commitment to strengthen our business and deliver value by streamlining our portfolio,” said Rio Tinto Aluminum Chief Executive Alf Barrios. “Hydro has a solid track record in the aluminum industry and is a partner to Rio Tinto in other ventures.