Market Chatter: Rio Tinto Group's Listing Unification Could Cost Up to $15 Billion, Warns Goldman Sachs

MT Newswires Live

Apr 02, 2025

Rio Tinto Group's (ASX:RIO) unification of dual-listed structure could cost $7 billion to $15 billion according to Goldman Sachs, The Australian reported on Tuesday.

The move can impact the company's balance sheet, dividends, and growth while losing the ability to pay fully franked dividends to Australian shareholders could cost $3.4 billion, the report added.

The investment bank said in the report that it estimates $5 billion to $7 billion in capital gains tax, $400 million in stamp duty, and loss of tax benefits from marketing operations in Singapore while debt could exceed $20 billion, delaying growth projects and reducing dividend payout capacity.

The miner's shares fell 2% on market close.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2524484250"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2524484250\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2524484250?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-02 13:48","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2524484250","market":"fut","top_or_hot":-1,"title":"Market Chatter: Rio Tinto Group's Listing Unification Could Cost Up to $15 Billion, Warns Goldman Sachs","media":"MT Newswires Live","content":"<html><body><p> Rio Tinto Group's (ASX:RIO) unification of dual-listed structure could cost $7 billion to $15 billion according to Goldman Sachs, The Australian reported on Tuesday.</p><p>The move can impact the company's balance sheet, dividends, and growth while losing the ability to pay fully franked dividends to Australian shareholders could cost $3.4 billion, the report added.</p><p>The investment bank said in the report that it estimates $5 billion to $7 billion in capital gains tax, $400 million in stamp duty, and loss of tax benefits from marketing operations in Singapore while debt could exceed $20 billion, delaying growth projects and reducing dividend payout capacity.</p><p>The miner's shares fell 2% on market close.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: Rio Tinto Group's Listing Unification Could Cost Up to $15 Billion, Warns Goldman Sachs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: Rio Tinto Group's Listing Unification Could Cost Up to $15 Billion, Warns Goldman Sachs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-04-02 13:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Rio Tinto Group's (ASX:RIO) unification of dual-listed structure could cost $7 billion to $15 billion according to Goldman Sachs, The Australian reported on Tuesday.</p><p>The move can impact the company's balance sheet, dividends, and growth while losing the ability to pay fully franked dividends to Australian shareholders could cost $3.4 billion, the report added.</p><p>The investment bank said in the report that it estimates $5 billion to $7 billion in capital gains tax, $400 million in stamp duty, and loss of tax benefits from marketing operations in Singapore while debt could exceed $20 billion, delaying growth projects and reducing dividend payout capacity.</p><p>The miner's shares fell 2% on market close.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7507","symbol_name":"资源股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2524484250","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524484250","pubTimestamp":1743572928,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Rio Tinto Group's  unification of dual-listed structure could cost $7 billion to $15 billion according to Goldman Sachs, The Australian reported on Tuesday.The move can impact the company's balance sheet, dividends, and growth while losing the ability to pay fully franked dividends to Australian shareholders could cost $3.4 billion, the report added.The investment bank said in the report that it estimates $5 billion to $7 billion in capital gains tax, $400 million in stamp duty, and loss of tax benefits from marketing operations in Singapore while debt could exceed $20 billion, delaying growth projects and reducing dividend payout capacity.The miner's shares fell 2% on market close.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7507":"资源股","XKO.AU":"标普/澳交所 300指数","RIO.AU":"力拓","XAO.AU":"标普/澳交所 普通股指数","XJO.AU":"标普/澳交所 200指数","BK7511":"ESG概念","BK7095":"多种金属与采矿"},"translate_title":"市场热议：高盛警告称，力拓集团上市统一可能耗资高达150亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XAO.AU":0.72,"XKO.AU":0.72,"RIO.AU":1,"XJO.AU":0.72},"content_text":"Rio Tinto Group's (ASX:RIO) unification of dual-listed structure could cost $7 billion to $15 billion according to Goldman Sachs, The Australian reported on Tuesday.The move can impact the company's balance sheet, dividends, and growth while losing the ability to pay fully franked dividends to Australian shareholders could cost $3.4 billion, the report added.The investment bank said in the report that it estimates $5 billion to $7 billion in capital gains tax, $400 million in stamp duty, and loss of tax benefits from marketing operations in Singapore while debt could exceed $20 billion, delaying growth projects and reducing dividend payout capacity.The miner's shares fell 2% on market close.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}