Energy Resources of Australia (ASX:ERA) said that majority shareholder Rio Tinto Group (ASX:RIO) began compulsory acquisition of all remaining shares in the company, according to a Friday filing with the Australian bourse.
Rio filed the necessary documents with the Australian Securities Exchange (ASX), the Australian Securities and Investments Commission (ASIC), and the company, related to the matter the filing said.
Shares of Rio Tinto fell 2% in recent Friday trade.
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