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Activist shareholder intensifies campaign for Rio to quit London

Financial Times LogoFinancial Times22h ago

Activist shareholder intensifies campaign for Rio to quit London - Financial Times

Quick Summary:

Since it adopted the dual-listed structure, Rio Tinto has done all its M&A transactions in cash, rather than in shares.

Alternatively, Jakob Stausholm, chief executive of Rio Tinto, also said in October that the company was considering issuing shares in Australia after it agreed to buy lithium developer Arcadium.

Australian investment firm Blackwattle Investment Partners has also backed the unification campaign, writing to the board earlier this year to highlight the deep discount at which the UK-listed Rio Tinto traded compared with its peer on the Australian Securities Exchange.


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Article Details

Author / Journalist: Leslie Hook

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 05:01:00 (22 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 617 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 24112494

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 22 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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