RIO News: FTSE 100: Rio Tinto to buy Canada's Turquoise Hill in $3.3bn deal - 1st Sep 2022, 7:14pm

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Turquoise Hill accepted Rio Tinto's sweetened offer of C$43 per share in cash for the remaining 49% of the company it does not already own. Photo: David Gray/Reuters

Rio Tinto (RIO.L) has agreed to acquire the rest of Turquoise Hill Resources for $3.3bn (£2.8bn), which will give the miner direct access to the Oyu Tolgoi project in Mongolia.

Turquoise Hill accepted Rio’s sweetened offer of C$43 per share in cash for the remaining 49% of the company it does not already own, a near 20% pr...

>>> Read more: FTSE 100: Rio Tinto to buy Canada's Turquoise Hill in $3.3bn deal
 
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