Rio Tinto takes 95.82% of Alcan

Rio Tinto, the UK and Australian mining group, has received additional shares representing approximately 2.6% of its takeover target Alcan, under the offer by Rio Tinto Canada Holding to acquire all of the shares of Canadian aluminium producer Alcan.

Rio Tinto now holds approximately 95.82 per cent of the outstanding shares of Alcan, and intends to acquire all the remaining Alcan shares by way of compulsory acquisition under the Canada Business Corporations Act once its offer expries at 6pm on 8 November 2007.