They will be the only mob able to take over the 42 billion debt that Rio currently has.
Rio is going to face enormous pressures now, with falling commodity prices and escalating debt repayments.
Once again, China will scoop up assets for a song to the detriment of Australia long term.
Skinner should be skinned for holding out on the merger with BHP. How can he claim the merger wasn't in the interests of shareholders when you witness this massive destruction of shareholder wealth?
And Albanese, should be roasted for buying Alcan at the top of the Aluminium price cycle.
Everyone knew they paid too much except themselves.
Now the shareholders are going to suffer big time, they will get their golden handshakes and China gets the assets cheap as chips.
They will be the only mob able to take over the 42 billion debt...
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$120.97 |
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Mkt cap ! $44.90B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 8 | $120.96 |
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| Price($) | Vol. | No. |
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| $120.97 | 49150 | 1 |
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