4 result(s) displayed (1 - 4 of 4):

War of the words: China deal forms Aussie pol war (from Corporate Dealmaker)

The deal: Aluminum Corp. of China, known as Chinalco, would acquire assets and stock in debt-laden mining giant Rio Tinto plc (NYSE:RTP) for $19.5 billion.The pols: Prime Minister Kevin Rudd (pictured), Australian Parliament Opposition Leader Malcolm Turnbull and Australian Treasurer Wayne Swan.The worry: Will China gain too much control of...

Posted on May 1, 2009 1:55 PM

Chinalco-Rio clear hurdle, but steeple lies ahead (from Corporate Dealmaker)

The Australian Competition and Consumer Commission said it would not oppose a $19.5 billion deal where Aluminum Corp. of China, known as Chinalco, would acquire assets and stock in Rio Tinto plc (NYSE:RTP) "as it would be unlikely to result in a substantial lessening of competition." The antitrust watchdog doesn't...

Posted on March 25, 2009 2:36 PM

Baosteel takes control of rival in China steel mashup (from Corporate Dealmaker)

Baosteel Group Corp. will take a 56.15% stake in smaller rival Ningbo Iron & Steel Co. for 2.02 billion yuan ($295 million), with Hangzhou Iron & Steel owning the rest. China, the world's biggest steel producing and consuming country, has pushed for consolidation in the industry as most companies have...

Posted on March 2, 2009 12:54 PM

ArcelorMittal wheeling and dealing, may battle for Rio Tinto (from Corporate Dealmaker)

The world's largest steelmaker is always busy sourcing and integrating deals. Here's a look at what CEO Lakshmi Mittal and ArcelorMittal have been up to in recent days. To capture a stake in the Chinese automotive sector, the firm is setting up a $729 million automobile steel joint venture...

Posted on June 30, 2008 11:49 AM