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Revise Chinalco deal: top Rio Australia holder

Wed May 20, 2009 9:52pm EDT

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MELBOURNE, May 21 (Reuters) - A top 10 shareholder in Rio Tinto Ltd/Plc's (RIO.AX) (RIO.L) Australian shares called for the company to completely change its planned $19.5 billion tie-up with China's state-owned Chinalco.

"They can revise and should revise the whole cocktail of it," said Paul Xiradis, chief executive of Ausbil Dexia, the ninth-largest shareholder in Rio Tinto Ltd, according to Thomson Reuters data.

His comments come as Rio chairman Jan du Plessis talks to major shareholders in Britain and Australia to hear their concerns, with news reports from London, Sydney and Beijing suggesting the deal will be changed to appease shareholders and the Australian government. (Reporting by Sonali Paul)



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