By Louis Goss
Rio Tinto should scrap its primary London stock market listing and switch its primary listing to Sydney, in order to boost its share price by “nearly 40%”, an activist hedge fund has reportedly said.
Palliser Capital said Rio Tinto’s dual corporate structure has made it more difficult for the mining conglomerate to pursue all stock takeovers, as its London-listed entity is currently at a $27 billion discount to its Australian one, the Financial Times reported.
“What we think is the root cause of the…
