SYDNEY: Rio Tinto Ltd sold virtually all of the UK part of its US$15.2bil rights offer, the world’s fifth biggest, easing its huge debt burden and putting the world’s top iron-ore miner back in growth mode.
Strong take-up of the heavily discounted rights offer suggests investors have restored faith in Rio after recent distractions that included a hostile takeover approach and soured ties with China, its biggest shareholder.
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