Tom Albanese couldn’t sell Pacific Aluminium and, it turns out, neither could Sam Walsh. Rio Tinto is stuck with the business. Meanwhile, debt collector ACM Group is apparently moving towards an IPO, Dexus Property Group is reaching for peace with Commonwealth Office Property Fund and Thomsons Lawyers is in merger discussions with Herbert Geer.
Rio Tinto, Pacific Aluminium
After almost two years of searching for an exit from Pacific Aluminium through a whole trade sale, partial sale or IPO, Rio Tinto has pulled the pin and reintegrated the unwanted business back into Rio Tinto Alcan.