Rio Tinto shares rise 4 pct after China stake

Sun Feb 3, 2008 11:16pm GMT
 
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SYDNEY, Feb 4 (Reuters) - Shares in Rio Tinto Ltd (RIO.AX: Quote, Profile, Research) rose over 4 percent on Monday, their first trading in Australia since China teamed up with U.S. aluminium producer Alcoa (AA.N: Quote, Profile, Research) to buy a $14 billion stake.

Chinalco and Alcoa said they had bought a 12 percent stake in Rio's London-listed shares giving them a holding of over 9 percent, including Rio's Australian-listed shares. (Reporting by Jonathan Standing)

 
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