Chinalco to restructure Rio Tinto deal

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/73UJGG/LZX8R/P54FKO/HETUC/   Breaking news Thursday May 21 2009 Breaking News   Chinalco to restructure Rio Tinto deal Chinalco will offer material concessions to its proposed $19.5bn investment in Rio Tinto in a late-stage attempt to secure regulatory clearance from the Australian government and win the support of the Anglo-Australian group's hostile shareholders. The state-owned aluminium group is prepared to recast the deal to limit its stake in Rio to 15 per cent, down from the 18 per cent it hoped to secure when it agreed to buy $7.2bn of convertible bonds back in February. Chinalco's current stake is 9 per cent and the Chinese group also wants to invest $12.3bn for large minority stake in Rio's mining assets. http://link.ft.com/r/73UJGG/3NVFO/J9BL2/91ICY/WE3QX/VU/h Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds © THE FINANCIAL TIMES LTD 2009 ABOUT THIS EMAIL You have received this email because you have signed up for this keyword/company alert on FT.com Change Briefings  •   Unsubscribe  •  Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.