RIO News: Rio Tinto (RIO) Offers to Get Remaining Stake in Turquoise Hill - 15th Mar 2022, 5:42am

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Rio Tinto plc RIO has made a non-binding proposal to the Turquoise Hill board to acquire approximately 49% of the issued and outstanding shares of Turquoise Hill. Rio Tinto currently holds a 51% stake in Turquoise Hill. If this deal comes to fruition, Rio Tinto will end up holding a 66% interest in Oyu Tolgoi — one of the largest known copper and gold deposits in the world.

The proposal would value the Turquoise Hill minority share capital at $2.7 billion. Turquoise Hill minority shareho...

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