Tuesday, 30 September 2008

EU Anti merger between BHP & Rio Tinto

EU resumes anti-monopoly investigation on merger between BHP & Rio Tinto

It’s reported that European Commission indicated that they had just resumed their anti-monopoly investigation on the merger between BHP Billiton Ltd. and Rio Tinto Plc, under strong questioning from steel market participants.

EU asked the two companies to provide extraordinary large amount of information for investigation and would finally approve or veto the transaction by deadline of January 15, 2009.

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Operation in Iron Ore Mine