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Rio Tinto to acquire Mitsubishi’s 11.65% stake in Boyne aluminium smelter

Jun 10, 2024•over 1 year ago

Acquiring Company

Rio Tinto

Acquired Company

Mitsubishi Corporation

LondonTokyoMining

Description

Rio Tinto has agreed to acquire Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Ltd (BSL), which owns and operates the Boyne Island aluminium smelter in Gladstone, Australia. After completion of this transaction, Rio Tinto’s interest in BSL will increase to 73.5%, reinforcing its position in the aluminium smelting industry.

Company Information

Company

Rio Tinto

Location

London, England, United Kingdom

About

Rio Tinto Group is a leading global mining and metals company. It specializes in the exploration, production, and marketing of metals, including aluminum, copper, diamonds, gold, and uranium. The company is committed to sustainable practices and plays a key role in the global energy transition. Rio Tinto operates across multiple continents and aims to create long-term value through responsible resource management.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed