Rio Tinto Upgrades Riversdale Stake Above 72%, Buying CSN's Holding
20 April 2011 - 10:12AM
Dow Jones News
Rio Tinto PLC (RIO) said Tuesday it will buy Brazilian steel
producer Cia. Siderurgica Nacional's (SID) stake in Riversdale
Mining Ltd. (RIV.AU), taking its interest in the Africa-focused
coal company to more than 72%.
Rio in a statement said CSN has accepted the takeover offer for
Riversdale and has tendered its entire 19.35% shareholding.
The offer period has been extended nine days to April 29, it
said.
-By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094;
robb.stewart@dowjones.com
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