As dual listings fall out of favour, Rio Tinto set to hold the line

StreetInsider2021-11-19

Global miner Rio Tinto Ltd has no plans to follow in the footsteps of peers BHP and Shell to collapse its dual listing, people familiar with its thinking say, seeing it as a needless expense that ...

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AxlChoo
2021-11-19
AxlChoo
Good
- Footixx:
  👍
KidGoat
2021-11-19
KidGoat
Pls like and comment thanks
- Wandakdash:
  Naise
- Sim1:
  Done
- KidGoat:
  wow
Rara08
2021-11-19
Rara08
Ok
- Lsjlsjlsj:
  liked
14561b30
2021-11-19
14561b30
K
- Rara08:
  ok
Konnyaku
2021-11-19
Konnyaku
Pls like
- 14561b30:
  K

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href=https://www.streetinsider.com/dr/news.php?id=19244184><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Global miner Rio Tinto Ltd has no plans to follow in the footsteps of peers BHP and Shell to collapse its dual listing, people familiar with its thinking say, seeing it as a needless expense that ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=19244184\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RIO","symbol_name":"力拓","start_time":0,"source_url":"https://www.streetinsider.com/dr/news.php?id=19244184","article_id":"2184201811","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2184201811","pubTimestamp":1637320461,"sourceInfo":{"source_id":"highlight_streetinsider","name":"StreetInsider"},"weMediaInfo":null,"summary":"Global miner Rio Tinto Ltd has no plans to follow in the footsteps of peers BHP and Shell to collaps","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"RIO":"力拓"},"translate_title":"由于双重上市失宠，力拓将坚持到底","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RIO":0.9},"content_text":"Global miner Rio Tinto Ltd has no plans to follow in the footsteps of peers BHP and Shell to collapse its dual listing, people familiar with its thinking say, seeing it as a needless expense that would erode advantages for shareholders in London and Sydney.\nExecutives at Rio routinely review the dual structure and have for years resisted any change, a direction unlikely to shift under the helm of new chief executive Jakob Stausholm, two sources familiar with the company told Reuters.\nJust last month, Stausholm defended the dual listing as an effective one-management, one-board structure set up 26 years ago to satisfy both the UK and Australian governments that he thought management should \"honour.\"\nRoyal Dutch Shell's decision this week to scrap its dual structure and move its head office to London has renewed focus on dual listings, which are often criticised as both complex and expensive.\nIt followed a move by the world's biggest miner BHP Group in August to collapse its 20-year-old structure, quitting its London listing in favour of Sydney.\nAny similar move by London-headquartered Rio would likely see it shift its primary listing to the UK, where it has most of its shareholders, although the majority of its profits come from Australia.\nAlthough it is not uncommon for companies to quote their shares on multiple exchanges, a dual-listing is incorporated under two different legal regimes operating as a single business on two bourses, often designed to persuade governments to sign off on cross-border mergers.\nThe structure can bring some tax advantages but means increased costs and can make stock-based acquisitions and corporate restructurings more difficult, say 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