English > Industry&Companies > Industry-Breaking News>Chinalco, Rio Deal Gets German Approval

Chinalco, Rio Deal Gets German Approval

04-02 18:52 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-04-02/110132288.html

» The Aluminum Corp. of China’s US$ 19.5 billion investment in Rio Tinto won anti-trust approval from German regulators on March 31.

» Rio Tinto said April 1 that the German Federal Cartel Office found no anti-competitive element to the proposed investment.

» This approval clears another regulatory hurdle for the deal.

» However, the investment is still pending reviews from authorities in China and the United States, as well as Australia's Foreign Investment Review Board.

 

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