Rio Tinto says IPO, breakup options for Pacific Aluminium business

SYDNEY Thu Feb 14, 2013 2:17am EST

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SYDNEY Feb 14 (Reuters) - Rio Tinto said on Thursday it is looking at all options including a sale, breakup, IPO or in specie distribution of its struggling Pacific Aluminium business.

Any IPO or distribution of the business, which includes assets in Australia and New Zealand, would likely result in a listing in Australia, chief financial officer Guy Elliott told reporters.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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