Rio Tinto Ltd. (RTP) said Wednesday it has appointed Deloitte to prepare an independent report into the proposed US$19.5 billion investment in the miner by Aluminum Corp. of China.
The deal, which remains subject to government and shareholder approval, will see the Chinese government-backed group pay US$12.3 billion for stakes of between 15% and 50% in a suite of Rio's key assets and invest US$7.2 billion in convertible bonds that could lead to its stake in the miner rise to 18%.
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