LONDON, Nov. 14 /CNW/ - Rio Tinto today announces that Rio Tinto Canada
Holding Inc. ("RTCH"), an indirect wholly-owned subsidiary of Rio Tinto, has
acquired all of the common shares of Alcan Inc. ("Alcan") not already owned by
it by exercising its right under the compulsory acquisition provisions of the
Canada Business Corporations Act ("CBCA"). RTCH is now the registered holder
of 100% of the outstanding shares of Alcan. Accordingly, it is anticipated
that the Alcan common shares will be delisted from the Toronto Stock Exchange
effective at the close of business on November 15, 2007, and that such shares
will also be subsequently delisted as soon as reasonably practicable from
Euronext Paris, the New York Stock Exchange, the Official List in the United
Kingdom (and cancellation of admission to trading on the London Stock
Exchange) and the SWX Swiss Exchange. It is further expected that the
certificates admitted to trading on Euronext Brussels representing Alcan
common shares (the IDRs) will also be delisted as soon as reasonably
practicable from Euronext Brussels.
As required under the CBCA, notices of compulsory acquisition were mailed
today to registered holders of Alcan shares who had not deposited their shares
under the offer by RTCH to acquire all of the shares of Alcan which expired on
November 8, 2007.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the
UK, combining Rio Tinto plc, a London listed company, and Rio Tinto Limited,
which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral
resources. Major products are aluminium, copper, diamonds, energy (coal and
uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and
iron ore. Activities span the world but are strongly represented in Australia
and North America with significant businesses in South America, Asia, Europe
and southern Africa.(CNW)
Holding Inc. ("RTCH"), an indirect wholly-owned subsidiary of Rio Tinto, has
acquired all of the common shares of Alcan Inc. ("Alcan") not already owned by
it by exercising its right under the compulsory acquisition provisions of the
Canada Business Corporations Act ("CBCA"). RTCH is now the registered holder
of 100% of the outstanding shares of Alcan. Accordingly, it is anticipated
that the Alcan common shares will be delisted from the Toronto Stock Exchange
effective at the close of business on November 15, 2007, and that such shares
will also be subsequently delisted as soon as reasonably practicable from
Euronext Paris, the New York Stock Exchange, the Official List in the United
Kingdom (and cancellation of admission to trading on the London Stock
Exchange) and the SWX Swiss Exchange. It is further expected that the
certificates admitted to trading on Euronext Brussels representing Alcan
common shares (the IDRs) will also be delisted as soon as reasonably
practicable from Euronext Brussels.
As required under the CBCA, notices of compulsory acquisition were mailed
today to registered holders of Alcan shares who had not deposited their shares
under the offer by RTCH to acquire all of the shares of Alcan which expired on
November 8, 2007.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the
UK, combining Rio Tinto plc, a London listed company, and Rio Tinto Limited,
which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral
resources. Major products are aluminium, copper, diamonds, energy (coal and
uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and
iron ore. Activities span the world but are strongly represented in Australia
and North America with significant businesses in South America, Asia, Europe
and southern Africa.(CNW)
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