BHP Billiton, Rio Tinto End Iron Ore JV Plans
18 Octobre 2010 - 12:09AM
Dow Jones News
Rio Tinto Ltd. (RTP) said Monday it terminated a planned iron
ore production joint venture with BHP Billiton Ltd. (BHP) following
discussions with regulators.
Rio Tinto said both parties have recently been advised by
various anti-trust regulators that the deal wouldn't be approved
and that some had requested remedies unacceptable to both parties,
including divestments.
The parties have mutually agreed that no break fee is payable,
Rio Tinto said.
-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692;
Ross.Kelly@dowjones.com