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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.
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Last
$117.18 |
Change
0.740(0.64%) |
Mkt cap ! $42.17B | |||
| Open | High | Low | Value | Volume |
| $116.80 | $118.65 | $116.59 | $175.1M | 1.490M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1117 | $117.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $117.34 | 492 | 1 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| RIO (ASX) Chart |
