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Rio Tinto paid a 33% premium for the Alcan shares in the $38 billion dollar buy out. Tom Albenese,who was formerly Alcan’s chief but then moved over to Rio Tinto, finds himself with a debt load of about $47 billion dollars. The company will sell some Alcan divisions and come up with about $ 8 billion which will leave them with a debt of $39 billion dollars.

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