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Rio to raise $US15.2B, calls off Chinalco deal

THE Chinalco deal is now officially over with Rio Tinto launching a fully underwritten $US15.2 bi...

Kate Haycock

Rio followed the news of its tie-up with BHP with an announcement that it would be raising $15.2 billion via a fully underwritten rights issue. Rio’s London arm will issue 21 new shares for every 40...

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