Rio Tinto completes sale of Alcan Cable US arm

Mining giant Rio Tinto has completed the sale of the North American portion of its Alcan Cable business to General Cable.

Mining giant Rio Tinto has completed the sale of the North American portion of its Alcan Cable business to General Cable.

The sale of the wire and cable manufacturer, designer and supplier netted Rio around $151m in cash. The disposal of the North American business as well as an Alcan Cable operation in Tianjin, China, was agreed in May.

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