Published by Global Banking & Finance Review®
Posted on December 19, 2024
1 min readLast updated: January 27, 2026
Add as preferred source on Google
Palliser Capital urges Rio Tinto to unify its dual-listed structure, citing significant shareholder value loss. The proposal has strong support from stakeholders.
(Reuters) - Activist investor Palliser Capital and over 100 other shareholders on Thursday called for a resolution over an independent review of Rio Tinto's dual-listed model to unify its corporate structure.
Earlier this month, UK-based Palliser pushed Rio Tinto to abandon its primary London listing and unify its corporate structure in Australia, saying about $50 billion in shareholder value has already been lost due to the current dual-listed setup.
Palliser's initial proposal to unify Rio Tinto's dual-listed structure garnered widespread support from stakeholders, analysts, and investors across Australia and the UK, the hedge fund said.
"In our view, it is, in fact, incumbent on management to now fully and transparently justify to the investor community exactly why Rio Tinto is immune from all of the globally-accepted inefficiencies of a DLC (dual listed company) structure," Palliser Capital said.
Rio Tinto, the world's biggest iron ore producer, did not immediately respond to a Reuters request for comment.
(Reporting by Roushni Nair in Bengaluru; Editing by Sonia Cheema and Eileen Soreng)
The main topic is the call by Palliser Capital for Rio Tinto to review and potentially unify its dual-listed corporate structure.
Palliser Capital is concerned because they believe the dual-listed structure has led to a $50 billion loss in shareholder value.
As of the article's publication, Rio Tinto has not responded to the request for a review of its dual-listed structure.
Explore more articles in the Finance category
