Rio Tinto (RIO) said Tuesday that it will hold over 98% of the shares of Energy Resources of Australia after taking up its entitlements in Energy Resources' entitlement offer.
Rio Tinto said Energy Resources announced the conclusion of the offer and shortfall bookbuild, which raised 766.5 million Australian dollars ($497.8 million) to fund rehabilitation activities in the Ranger Project Area.
Rio Tinto said it intends to proceed with compulsory acquisition of all remaining ERA shares that it does not already own.
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