.
Rio Tinto Ltd (ASX:RIO) is set to take full ownership of Riversdale Mining Ltd (ASX:RIV) after Tata Steel announced it would sell its 26.27 per cent stake.
The sale will earn Tata more than $1 billion representing a doubling in value in less than four years.
Tata said in a statement that it would sell the holding to Rio because it didn’t want to hold equity in a venture which Rio is intending to delist.
In the second half of 2010 Rio Tinto Limited (ASX:RIO) reported a net profit of $14.9 billion.
Add RIO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$117.18 |
Change
0.080(0.07%) |
Mkt cap ! $42.17B | |||
| Open | High | Low | Value | Volume |
| $116.77 | $117.70 | $116.46 | $85.14M | 726.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 394 | $117.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $117.19 | 1831 | 1 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| RIO (ASX) Chart |
