Tuesday, 17 July 2007

UPDATE 1-Rio Tinto says to unwind Alcan hedgebook

(Reuters) - "Assuming we go through with the deal, it will all be wound
down," a Rio Tinto spokesman said on Monday.




Rio's policy is not to hedge -- make future sales at a known
price -- any of the commodities it produces, and it intends to
bring Alcan into line with this.


Read more at Reuters.com Mergers News

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