The Chinalco and Alcoa's stake equates to just under the 10% blocking stake. This amount for political reasons, can't be seen for what they are. Using soveriegn wealth as a weapon.
They certainly have the money. Go figure.
All they need is a pal who owns 1.1% who won't accept the BHP bid and the takeover is dead in the water.
Figure BHP are beaten and they know it. Champagne in the RIO boardroom today.
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