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Chinalco nod for increased Rio stake could muddy waters for BHP

THE federal government’s approval for Chinese aluminium group Chinalco to up its stake in Rio Tinto could thwart BHP Billiton’s hostile Rio bid, say analysts.

Charlotte Dudley
Chinalco nod for increased Rio stake could muddy waters for BHP

Yesterday the government gave Chinalco the green light to acquire 14.99% of shares in Rio's UK-listed arm. The stake represents around 11% of the Rio Tinto entity and builds on the 9% stake in Rio that...

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