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Rio Sells Alcan Unit To Schweiter For $349M

By Melissa Lipman (September 22, 2009, 6:47 PM EDT) -- Rio Tinto PLC has agreed to sell its Alcan Composites business to Zurich-based Schweiter Technologies AG for $349 million, the companies said Tuesday, marking the U.K.-based natural resources giant's latest bid to cut the debt it took on when it acquired Canadian aluminum producer Alcan Inc. for $38 million in 2007....

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