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Rio Tinto shareholders approve $2.69 bln coal sale to Yancoal
June 29, 2017 / 4:44 AM / in a month

Rio Tinto shareholders approve $2.69 bln coal sale to Yancoal

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SYDNEY, June 29 (Reuters) - Rio Tinto shareholders approved the sale of a suite of Australian coal assets to China-backed Yancoal Australia for $2.69 billion, ending a bidding war with commodities trader Glencore .

The sale was "duly passed" by 97 percent of shareholders of Rio Tinto's UK and Australian-listed shares, Rio Tinto said on Thursday in a statement to the Australian stock exchange.

Reporting by James Regan; Editing by Richard Pullin

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