Forbidden City

Chinalco's bid for Rio, what are the chances?

  • Published 05 Mar 2009

Michael Komesaroff, principal of Urandaline Investments, a consultancy specialising on China’s capital intensive industries, writes on who is set to gain most should Chinalco's proposed $19.6bn investment in Rio Tinto get the go ahead.

If it goes ahead, the proposed $19.5bn (Rmb 133.4bn, €15.43bn, £13.87bn) tie-up between Anglo-Australian mining company Rio Tinto and China’s leading aluminium producer Chinalco will re-shape the global mining industry. But are the stars aligned to allow China’s biggest overseas acquisition to go through? And if it does so, which party benefits most?

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