DataRoom AM: QBE sales tactics

QBE may soon resume the auction of its US insurance business, while Rio Tinto agrees to sell its Riversdale Mining assets for a pittance.

QBE Insurance is reigniting the auction of its US assets amid a broader push to right a sinking, or at least damaged, ship. But previous reports of muted interest ensure the prospects for a strong price are under a cloud.

Elsewhere, Rio Tinto confirms plans to sell all of its Riverdale Mining assets, a major local iron ore mine is prepped to go on market and Coopers Brewery delivers itself a valuation upgrade.

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