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AAN Alcan Inc.Npv

44.30
0.00 (0.00%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Alcan Inc.Npv LSE:AAN London Ordinary Share CA0137161059 COM NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 44.30 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Completion of acquisition

14/11/2007 6:13pm

UK Regulatory


RNS Number:7662H
Rio Tinto PLC
14 November 2007


Rio Tinto Completes Acquisition of 100% of Alcan

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.

For further information or a copy of reports filed under Canadian securities
legislation, please contact:



Rio Tinto Canada Holding Inc.
770 Sherbrooke Street West, Suite 1800
Montreal, Quebec  H3A1G1

Or please contact:
Media Relations, London                       Media Relations, Australia
Christina Mills                               Ian Head
Office: +44 (0) 20 8080 1306                  Office:  +61 (0) 3 9283 3620
Mobile: +44 (0) 7825 275 605                  Mobile: +61 (0) 408 360 101
                                                   

Nick Cobban                                   Amanda Buckley
Office:  +44 (0) 20 8080 1305                 Office:  +61 (0) 3 9283 3627
Mobile: +44 (0) 7920 041 003                  Mobile: +61 (0) 419 801 349

Investor Relations, London                    Investor Relations, Australia
Nigel Jones                                   Dave Skinner
Office: +44 (0) 20 7753 2401                  Office:  +61 (0) 3 9283 3628
Mobile: +44 (0) 7917 227 365                  Mobile: +61 (0) 408 335 309


                                              Investor Relations, North America
David Ovington                                Jason Combes
Office:  +44 (0) 20 7753 2326                 Office:  +1 (0) 801 685 4535
Mobile: +44 (0) 7920 010 978                  Mobile: +1 (0) 801 558 2645


Email: questions@riotinto.com


Website: www.riotinto.com

High resolution photographs available at: www.newscast.co.uk








                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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