Brussels outlines objections to BHP takeover of Rio

The European Commission issued o the 4 November 2008 its statement of objections to BHP Billiton's proposed $79.5bn hostile takeover of mining rival Rio Tinto, with the main competition barriers thought to be in the iron ore market.

ESO: Background information: Mergers: Commission opens in-depth investigation into BHP Billiton's proposed acquisition of Rio Tinto http://www.europeansources.info/record/press-release-mergers-commission-opens-in-depth-investigation-into-bhp-billitons-proposed-acquisition-of-rio-tinto/

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