News: Deals: Reports

Rio Tinto PLC & Shining Prospect Pte Ltd	Update Date: 07/16/08
Date Announced: 02/01/08
Value (million $USD): 14.28 billion U.S. Dollar 7.18 billion British Pound

Status: Completed

TRANSACTION DETAILS
Date Announced	02/01/08
Date Originally Announced	02/01/08
Format	Acq. Part. Int.	Acquisition techniques	Acquiror is an Investor G; Privately Negotiated Purc
Attitude	Friendly	Agency	n/a
Value	14.28 billion U.S. Dollar 7.18 billion British Pound	Advisor Fees	n/a

SYNOPSIS

UK - Shining Prospect Pte Ltd of Singapore, a new company formed by Aluminum Corp of China Ltd {Chinalco} and Alcoa Inc, for the purpose of making an acquisition, acquired a 12% stake or 119.705 mil ordinary shares in Rio Tinto PLC, a London-based copper, gold, iron and coal mining company, for 60 British pounds (169.601 Singaporean dollars/$119.328 US) in cash per share, or a total value of 7.182 bil pounds (SG$20.302 bil/$14.284 bil), in a privately negotiated transaction.

TARGET
Name	Rio Tinto PLC (London : RIO)
Industries	Iron ores; Bituminous coal and lignite surface mining; Ferroalloy ores, except vanadium; Miscellaneous metal ores, nec; Lead and zinc ores; Copper foundries; Gypsum products; Industrial inorganic chemicals, nec; Electrometallurgical products, except steel; Chemicals and chemical preparations, nec; Minerals and earths, ground or otherwise treated; Nonferrous foundries; Offices of holding companies, nec
City	London
State	n/a
Nation	United Kingdom
Incorporated in	n/a
Public Status	Public
Business Description	Rio Tinto PLC, located in London, is a holding company, which mines copper, gold, silver, aluminium, boartes, coal, copper, diamonds, gypsum, iron ore, molybdenum, salt, sulphuric acid, talc, titanium dioxide, uranium, nickel, potash, lead and zinc. The company operates in Australia and North America and has significant businesses in South America, Asia, Europe and southern Africa. The company was founded in 1962.
Advisors	NULL
Target Sales	29.38 billion U.S. Dollar 14.79 billion British Pound

ACQUIROR
Name	Shining Prospect Pte Ltd
Industries	n/a
City	n/a
State	n/a
Nation	Singapore
Incorporated in	n/a
Public Status	Subsidiary
Business Description	Shining Prospect Pte Ltd is a special purpose acquisition vehicle formed for the purpose of acquiring a 12% stake in Rio Tinto PLC. The company is headquartered in Singapore. A special purpose acquisition vehicle is an investment vehicle that is formed solely for the purpose of making acquisitions.
Advisors	Lehman Brothers; China International Capital Corp
Acquiror Sales	n/a

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