Rio Tinto May be Broken Up in Two Years

SEOUL: Rio Tinto Group, battling a hostile US$115bil takeover bid from BHP Billiton Ltd, will probably be broken up within two years by a group, including Chinese investors, BlackRock Inc said.

“It probably won’t all go to BHP,” Richard Davis, who oversees US$30bil in global commodity equities at BlackRock’s London unit, told reporters yesterday in Seoul.

Click here to read the entire article

Comments are closed.