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Empresas y finanzas

Chinalco-Rio deal majority vote only: source


    MELBOURNE (Reuters) - Legal advice to Rio Tinto is that it only needs a simple majority of shareholder support for its planned $19.5 billion tie-up with Chinese state-owned Chinalco to go ahead. a source close to the transaction said on Tuesday.

    "We've got a strong legal opinion that this is an ordinary resolution, not a special resolution," the source said.

    Some of Rio Tinto's UK shareholders have said the deal should be put to shareholders as a special resolution, which would mean the deal would need 75 percent support to go ahead.

    (Reporting by Sonali Paul)