Activist Palliser Pushes Rio Tinto to Review London Listing
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Palliser Capital UK Ltd stepped up pressure on Rio Tinto Group to unify its dual listing, requesting a review of the structure at the company’s next annual shareholder meeting.
Activist investor Palliser has been pushing Rio to unify its listing into an Australian-domiciled holding company since May. The firm argues the current dual-listed structure has seen investors miss out on $50 billion in value.