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Platinum Equity to Acquire Alcan Cable from Rio Tinto.

Publication: Mining & Minerals Business
Publication Date: 02-OCT-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Platinum Equity announced that it has signed a definitive agreement to purchase controlling interest in the Alcan Cable division of Rio Tinto. Alcan Cable, a division of the Alcan Engineered Products business, is a high quality manufacturer of aluminum cable products.

Financial terms of the acquisition were not disclosed. The transaction is expected to be completed in the next several weeks...

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