Rio gets $19.5B Chinese infusion (Dealscape

State-owned Aluminum Corp. of China will invest $19.5 billion in deeply indebted mining company Rio Tinto plc to gain iron ore and copper assets in a deal that is China's biggest overseas investment.

Rio Tinto said Thursday that it would sell $7.2 billion of subordinated convertible bonds to Chinalco, as the Chinese group is known, as well as interests in aluminum, copper and iron ore assets to raise a further $12.3 billion.

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NOT A SUBSCRIBER? Rio gets $19.5B Chinese infusion Posted on February 12, 2009 12:17 PM State-owned Aluminum Corp. of China will invest $19.5 billion in deeply indebted mining company Rio Tinto plc to gain iron ore and copper assets in a deal that is China's biggest overseas investment. Rio Tinto said Thursday that it would sell $7.2 billion of subordinated convertible bonds to Chinalco, as the Chinese group is known, as well as interests in aluminum, copper and iron ore assets to raise a further $12.3 billion. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 426 articles related to Rio Tinto plc 137 in-depth reports of M&A deals in the Metals sector 155 company pages related to Metals 30 articles related to Chinalco 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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