Rio Tinto, a big mining company, has two stock listings: one in London and one in Australia. A hedge fund wants Australian shareholders to get a vote on changing this. This is important because Australian shares are worth more than the London ones!
- Australian shareholders currently can't vote on a proposal to review Rio Tinto's dual listing.
- A hedge fund wants a change so Australian shareholders have a say.
- Australian shares trade at about 20% higher than London shares due to tax benefits.
| Fact | Number |
|---|---|
| Australian share premium | 20% |
| London listing's investor base percentage | 77% |
| Chinalco's stake in London entity | ~15% |
| Arcadium buyout cost | $6.7 Billion |
