Europeans to investigate BHP-Rio iron ore tie-up
by
Richard Meade
—
last modified
Feb 09, 2010 10:29 AM
BRUSSELS competition authorities opened an antitrust investigation last week into the $129bn Pilbara iron ore production joint venture between BHP Billiton and Rio Tinto.
The European Commission is set to look in particular at the effects that the tie-up could have on the market for iron ore transported by sea.
Officials from the Brussels competition directorate said in a statement they planned to investigate...
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