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Rio to cut more aluminium ties

Rio Tinto (LN:RIO) is to further reduce its aluminium leverage after receiving a binding offer from Norsk Hydro (OS:NHY) for its ISAL smelter in Iceland, the 53.3% stake in the Aluchemie anode plant in the Netherlands and a 50% share in an aluminium fluoride plant in Sweden.

Rio to cut more aluminium ties Rio to cut more aluminium ties Rio to cut more aluminium ties Rio to cut more aluminium ties Rio to cut more aluminium ties

Rio's ISAL smelter is powered by renewable energy

Rio will pocket $345 million for the deals, which are expected to close in the June quarter.
 

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