(Reuters) - Anglo-Swiss miner Xstrata said on Wednesday it was selling its aluminium assets to private equity firm Apollo Management for $1.15 billion (580 million pounds) in cash.
"The disposal follows a comprehensive strategic review by Xstrata, which examined a number of options for these assets, including an assessment of their potential as a platform from which to establish a substantial aluminium business, and of the prospects for a whole or partial sale of the business," Xstrata said in a statement.
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