Search Results “alcan”  

Rio Tinto has received a binding offer from funds affiliated with Apollo Global Management, L.P. and the Fonds Stratégique d’Investissement (FSI) to buy a 61 percent stake in Alcan Engineered Products, excluding the Cable Division.

Mining company Rio Tinto Ltd has finished the divestment of its Alcan Packaging business, after completing the sales of its Medical Flexibles and Beauty Packaging divisions. The Medical Flexibles division was sold to Amcor for $66 million, while Alcan Packaging was sold to Sun European Partners LLP for an undisclosed sum.

The firm said a viable solution could not be reached, but last month rejected a £48m four-year government aid offer because it was "not enough to break even."

By Denny Thomas

By Mark Bendeich

By Denny Thomas

Sunday's sacking of the PSA Peugoet Citroen chief executive marked the third time that the 54-year-old engineer and novelist has played for high stakes and lost, after a 100-day stint as head of Airbu

Amcor said in a statement to the Australian Stock Exchange the discussions were incomplete. It did not give any further details of the talks.