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Rio Tinto to acquire Mitsubishi’s 11.65% stake in Boyne aluminium smelter

Jun 10, 2024•about 1 year ago

Acquiring Company

Rio Tinto

Acquired Company

Mitsubishi Corporation

LondonTokyoMining

Description

Rio Tinto has agreed to acquire Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Ltd (BSL), which owns and operates the Boyne Island aluminium smelter in Gladstone, Australia. After completion of this transaction, Rio Tinto’s interest in BSL will increase to 73.5%, reinforcing its position in the aluminium smelting industry.

Company Information

Company

Rio Tinto

Location

London, England, United Kingdom

About

Rio Tinto Alcan Inc. is a major player in the aluminum industry, known for manufacturing proprietary aluminum metal matrix composites (MMC) for over 40 years. The company focuses on producing advanced materials that meet high standards of performance. Due to a strategic reorganization, RTA is exiting the MMC business and is seeking to transition its customers smoothly. RTA has a strong market presence and a rich history in the aluminum sector.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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