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Rio Tinto says IPO, breakup options for Pacific Aluminium business

SYDNEY (Reuters) - Rio Tinto (Xetra: 855018 - news) said on Thursday it is looking at all options including a sale, breakup, IPO or in specie distribution of its struggling Pacific Aluminium business.

Any IPO or distribution of the business, which includes assets in Australia and New Zealand, would likely result in a listing in Australia, chief financial officer Guy Elliott told reporters.

(Reporting by Lincoln Feast; Editing by Richard Pullin)