Rio Tinto considers share sale to counter London drift

The Australian Financial Review
02-24

Chief executive Jakob Stausholm is considering issuing new shares to improve Rio Tinto’s liquidity, relieve tensions within its dual London Stock Exchange-ASX share structure and, if he succeeds, cement Rio’s Australian identity.

Stausholm told The Australian Financial Review he was studying the merits of raising capital, and the company is increasingly convinced of sufficient investor demand for a strategic placement.

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