Rio Tinto gets offer for Alcan Packaging Beauty

Published: 1-Apr-2010
Packaging

Mining company receives binding offer from Sun European Partners for beauty packaging business


Mining company Rio Tinto has received a binding offer from Sun European Partners to buy its Alcan Packaging Beauty business. 

A period of exclusivity with Sun European Partners has been agreed and Rio Tinto will respond to the offer following consultation with the relevant European works councils. The offer was made on confidential terms. Rio Tinto acquired the packaging company in 2007 for $38.1bn.

“This binding offer is another important step towards completing the divestment of the Alcan Packaging businesses,” said Rio cfo, Guy Elliott.
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