Rio Tinto Considering Selling European Aluminum Smelter -Bloomberg
By Maryam Cockar
Mining company Rio Tinto (RIO.LN) is considering selling its European aluminum smelter--the biggest on the continent--Bloomberg reported Friday, citing people familiar with the matter.
Rio is in talks with potential buyers of the smelter in northern France which has annual production of 270,000 metric tons, Bloomberg said.
The news agency said that the smelter has attracted interest from financial investors such as private-equity firms.
In addition, Bloomberg reported that Rio is considering disposing its aluminum smelter in Iceland and its aluminum portfolio in Australia and New Zealand.
Rio couldn't immediately be reached for comment.
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(END) Dow Jones Newswires
October 06, 2017 05:21 ET (09:21 GMT)Copyright (c) 2017 Dow Jones & Company, Inc.