Alcan Sells Trade Division to Managers
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Alcan Inc., one of the world&#39;s largest aluminum producers, said Friday it agreed to sell assets of its ores and concentrates trading division to Ocean Partners Holdings Ltd.
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SYDNEY/LONDON  - Anglo-Australian miner Rio Tinto Ltd/Plc has agreed to buy Canadian aluminum company Alcan Inc. for $38.1 billion, in a bid to create the world's biggest aluminum company.
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Alcan Inc., the world's second-largest producer of primary aluminum, said on Thursday it plans to close three European plants, downsize four sites and sell two others for the loss of about 520 jobs.
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Alcan Inc , which is fending off a hostile $28.8 billion bid from U.S. rival Alcoa Inc , is closer to arranging a rival friendly deal and is expected to make an announcement this week, according to sources familiar with the situation.
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Dutch bank and insurer ING Group said Monday it will sell the activities of Baring Asset Management, nearly a decade after it purchased the remains of the bankrupt British bank Barings.
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Global miner Rio Tinto Ltd/Plc  said on Monday it has received U.S. anti-trust clearance for its $38.1 billion ($36.3 billion) acquisition of Canadian aluminum maker Alcan Inc .
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MONTREAL/LONDON  - Anglo-Australian miner Rio Tinto Ltd/Plc  has agreed to buy Canada's Alcan Inc.  for $38.1 billion to create the world's largest aluminum producer, trumping a hostile bid by Alcoa Inc.
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Canadian aluminum producing giant Alcan Inc. said Friday that it is in exclusive talks to sell the company&#39;s stake in Aluminium de Grece SA to metals company Mytilineos Holdings SA of Greece.
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NEW YORK (CBS.MW) -- Shares of Alcan Inc. rose 3 percent Thursday, drawing support from the Canadian metals giant&#39;s third-quarter results in which profit nearly doubled due to strong industry fundamentals and contributions from its Pechiney unit.
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Alcar Chemical Group Inc. (PINKSHEETS: ACMG) announces today that it is working with Bajaj Hindusthan Ltd. towards a licensing agreement of its technology for the production of ethanol.
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Alcoa Inc said on Friday it agreed to sell its packaging and consumer businesses to New Zealand's Rank Group Limited for $2.7 billion in cash, the latest move by the world's third-largest aluminum producer to focus on its core business.
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Mining giant Rio Tinto Ltd./Plc.    said on Thursday it has agreed to pay $38.1  billion, or $101 per common share, for Canadian aluminum  company Alcan Ltd. .
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MONTREAL (CP) - Alcan has filed its preliminary prospectus on the spinoff of its rolled-products division. The new company is to be turned over to Alcan shareholders as a separate business under the name Novelis.
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Rio Tinto Ltd./Plc  has hired Deutsche Bank to advise it on a possible bid for Canadian aluminum producer Alcan , the Sydney Morning Herald paper reported on Monday.
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Alcan Inc. announced on Thursday a restructuring of its European operations, including three plant closures, downsizing at four sites and two possible sales.
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Alcan Inc.   is happy to remain independent, amid speculation that big international miners may want to buy their way into the aluminum sector, the Canadian company's chief executive said on Monday.
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The foods division of retailer La Rinascente SpA is being sold to French supermarket retailer Auchan SA in a deal worth 1.06 billion euros (&#36;1.36 billion).