DataRoom AM: Rio's asset watch

Rio Tinto wraps up its divestment push as its looks to get its Simandou project off the ground, while a sweetened bid wins over Goodman Fielder.

Australia’s big two miners have been rapidly pushing non-core assets out the door for the better part of two years, but it appears Rio Tinto is finally near the end of its divestment push. However, it’s the miner’s investment plans that are drawing all the attention.

Elsewhere, Goodman Fielder’s board agrees to a revised takeover proposal, the queue for the IPO market remains congested and UGL has trouble divesting its property services division.

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