Rio Tinto completes sale of Alcan Cable’s North American business

Rio Tinto has completed the sale of the North American portion of its Alcan Cable business to General Cable Corporation for $151 million in cash, subject to customary adjustments primarily related to working capital levels at closing. The sale of the North American business as well as an Alcan Cable operation in Tianjin, China, was agreed on 21 May 2012. The sale of the Tianjin operation is expected to close later in the year, once regulatory approvals are received, for $34 million in cash, also subject to customary closing adjustments.

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