OZL 0.00% $26.44 oz minerals limited

accc won't oppose chinalco's rio bid

  1. 1,202 Posts.
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    FYI

    The competition regulator has announced it will not oppose Chinalco's proposal to lift its stake in Rio Tinto.

    The ACCC says the deal is unlikely to result in a substantial lessening of competition.

    The $30 billion bid still needs the approval of the Federal Government and is currently being reviewed by the Foreign Investment Review Board.

    http://www.abc.net.au/news/stories/2009/03/25/2526092.htm
 
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