RAVENSWOOD, W.Va. （AP） — Rio Tinto PLC says it's completed the sale of the Alcan Rolled Products plant in Ravenswood.
Rio Tinto said Tuesday that it has sold its 61 percent stake in its Alcan Engineered Products operation. The aluminum rolling plant is part of Alcan Engineered Products. Terms of the deal weren't disclosed.
The international mining company announced the deal in August, saying it had agreed to sell 51 percent of Alcan Engineered Products to funds related to Apollo Management Group, a New York private-equity firm, and a 10 percent stake to funds connected to Fonds Strategique d'Investissement, a sovereign wealth fund run by the French government. Rio Tinto retains a 39 percent share in the company.
The Ravenswood plant opened as Kaiser Aluminum in 1957 and has changed ownership several times.
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