By Oliver Haill
Date: Monday 12 Nov 2018
(Sharecast News) - Rio Tinto has completed a A$2.87bn (US$2.1bn, £1.6bn) off-market share buyback to cancel 2.41% of the group's issued shares.
The FTSE 100 group announced in September that is would carry out a US$3.2bn share buyback to return the proceeds from the sale of its coal assets.
The off-market buyback of 41.2m shares was completed at a 14% discounted price of A$69.69 per share.
All shares purchased will be cancelled, the company said.
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