South Africa's competition authorities have recommended approval of BHP Billiton's takeover of mining rival Rio Tinto.
But there are conditions attached because the bid has created concerns around the globe that BHP would have too much control over prices and supply.
In a statement, South Africa's Competition Commission said the takeover would not weaken competition in most markets, except for the mining and processing of aluminium.
Australia's competition authorities have already said that the proposed acquisition will not substantially lessen competition.
The European Commission is due to hand down its decision on the takeover by mid January.
http://www.abc.net.au/news/stories/2008/10/24/2399955.htm?section=world
South Africa's competition authorities have recommended approval...
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$44.29 |
Change
-0.480(1.07%) |
Mkt cap ! $225.9B | |||
| Open | High | Low | Value | Volume |
| $44.52 | $44.68 | $44.29 | $81.06M | 1.825M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1729 | $44.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.30 | 1642 | 16 |
View Market Depth
| Last trade - 13.28pm 05/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |