Rio Tinto to sell Alcan Cable for $185M

May 21, 2012 | 09:45 AM |

Rio Tinto has agreed to sell its Alcan Cable subsidiary to General Cable Corp for $185 million, the companies said on Monday May 21.
The transaction is expected to be completed in the second half of this year, after it receives all necessary regulatory clearances. General Cable will fund the deal with an existing asset-based revolving credit facility. ....

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