Shares were purchased from a number of large investors in Rio Tinto at ú60 $118 per share, around a 20% premium to Rio TintoÆs closing price on Thursday, January 31.
The Chinalco-Alcoa stake represents a 9% holding in the combined Rio Tinto, which has 78% of its shares listed in London and the balance listed in Australia.
The move signals clearly to onlookers that China is willing to bet big stakes and...
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