Rio tinto takes up full entitlements in era rights issue, moving to over 98% ownership

Melbourne, australia--(business wire)--rio tinto notes the announcement today by energy resources of australia ltd (era) in relation to the conclusion of its entitlement offer and shortfall bookbuild, which raised a$766.5 million (before costs) to fund planned rehabilitation activities of the ranger project area. as a result of rio tinto taking up its pro rata entitlements in the entitlement offer and the level of participation by other era shareholders, rio tinto will hold over 98% of era's sh.
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