Palliser Capital Pushes for Rio Tinto to Abandon London Listing

Activist investor Palliser Capital has intensified its efforts to pressure Rio Tinto into abandoning its primary listing in London, demanding an independent review of the mining giant's corporate structure in Australia, the Financial Times reported on Wednesday.

Palliser initially called for Rio Tinto to drop its London listing and unify its corporate structure in Australia back in May. The investor's push is aimed at streamlining Rio Tinto's operations and potentially improving its market valuation by consolidating under a single jurisdiction.