Australia extends probe of Chinalco-Rio deal
Australia's Foreign Investment Board will extend its review of top Chinese aluminum maker Chinalco's $19.5 billion investment in global miner Rio Tinto
FIRB put an interim order in a government gazette on Monday indicating the review will be extended by up to 90 days, which would delay a final decision by Treasurer Wayne Swan, and hold up a vote by Rio Tinto's shareholders.
Rio had aimed to complete the deal by July.
(Reporting by Sonali Paul)
© Copyright Thomson Reuters 2024. All rights reserved.
Join the Discussion
Editor's pick