.
Rio Tinto Ltd (ASX:RIO) is set to take full ownership of Riversdale Mining Ltd (ASX:RIV) after Tata Steel announced it would sell its 26.27 per cent stake.
The sale will earn Tata more than $1 billion representing a doubling in value in less than four years.
Tata said in a statement that it would sell the holding to Rio because it didn’t want to hold equity in a venture which Rio is intending to delist.
In the second half of 2010 Rio Tinto Limited (ASX:RIO) reported a net profit of $14.9 billion.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$116.93 |
Change
-0.020(0.02%) |
Mkt cap ! $43.40B | |||
| Open | High | Low | Value | Volume |
| $116.64 | $118.10 | $116.12 | $122.6M | 1.047M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $116.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $117.10 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
| RIO (ASX) Chart |