Rio Tinto shares closed down 2.2% on the Australian stock exchange
By Greg Wood
Mining giant Rio Tinto has announced the $1.2bln sale of Alcan's American food packaging arm to US firm Bemis as it offloads assets to pay off its big debts. The Anglo-American miner said it would receive cash and up to $200m in Bemis shares under the deal for Alcan Food Americas, which is still subject to regulatory approval.
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