Chinalco says mulling 14.99%, not 49%, stake in Rio Tinto
LONDON (MarketWatch) -- The Aluminum Corp. of China, better known as Chinalco, said the company was mistakenly quoted by Reuters as saying they would be interested in buying 49.99% of Rio Tinto . Chinalco said, as it's previously expressed, that it would be interested in lifting its stake to 14.99%, the maximum that the Foreign Invstment Review Board in Australia has allowed.
Chinalco has not made any decision in respect of its investment options in Rio Tinto. It added, in light of BHP Billiton's bid withdrawal, that it still has confidence in the fundamental value of the Rio Tinto group and management's ability to realize that value. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
Visit MarketWatch.com for more information on this news.. Wed Nov 2008 01:11 (1 month, 2 weeks ago)
Market Watch Market Pulse
371 articles in collection
Chinalco has not made any decision in respect of its investment options in Rio Tinto. It added, in light of BHP Billiton's bid withdrawal, that it still has confidence in the fundamental value of the Rio Tinto group and management's ability to realize that value. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
Visit MarketWatch.com for more information on this news.. Wed Nov 2008 01:11 (1 month, 2 weeks ago)
Market Watch Market Pulse
371 articles in collection
Related articles
Selected Article
Chinalco says mulling 14.99%, not 49%, stake in Rio Tinto
- Market Watch Market ...
4 hours
before
before
- Chinalco will up Rio Tinto stake, could seek 49.99% - Business Spectator Alan ...
2 months
before
before
- McAfee to pay $465 million for Secure Computing (Reuters) - Yahoo!7 - Technology
- HYDRO TASMANIA CONSULTING SHOULD RESUME EBA NEGOTIATONS - Tasmanian Greens
3 months
before
before
- Australia approves Chinalco's stake in Rio Tinto - iStock Analyst
6 months
before
before
7 months
before
before
- BHP, RIO And China, Again - Yahoo!7 Finance News
8 months
before
before
9 months
before
before
- Rio Tinto turns down formal $147.4 billion bid from mining rival BHP Billiton (Star Tribune) - Wikio
- Chinalco to study BHP’s Rio bid after holiday - The West Australian ...
- Andrew Racz: The Unexpected Mongolian Dilemma (The Huffington Post) - Wikio
- Why Chinalco's Buying Into Rio Tinto (Business Week ) - Wikio
- Chinalco president lobbies Australia on Rio stake - Yahoo!7 Finance News
- Chinalco says no plans for bigger Rio stake (Inbox Robot: Swiss Reinsurance News) - Wikio
- CORRECTED - CORRECTED-UPDATE 4-Chinalco says no plans for bigger Rio stake - Yahoo!7 Finance News
- Chinalco says no plans for bigger Rio stake (Reuters) - Wikio
- UPDATE 3-Chinalco says no plans for bigger Rio stake - Yahoo!7 Finance News
- Chinalco and Alcoa buy $14B stake in Rio Tinto (Deseret Morning News) - Wikio
- Chinalco, Alcoa buy £7.2b Rio Tinto stake, hinder BHP (Business Times Asiaone) - Wikio
- Alcoa, Aluminum Corp. of China buy 12 percent of Rio Tinto shares, countering BHP Billiton (Star Tribune) - Wikio
- Alcoa, Chinalco buy $14B stake in Rio Tinto (CNN) - Wikio
1 year
before
before
- China steel mills too slow on Rio stake - ninemsn Business News
- Deskbound should have workstation treadmill - The Australian Science ...
