Injection of aluminum in Rio Tinto were approved by German antitrust authorities – Aluminum, Rio Tinto – Pump Industry
Looking forward to the Australian Government on the 19.5 billion U.S. dollars investment in Rio Tinto deal "green light" of the aluminum, March 31 in the evening to get a German anti-trust regulators German Federal Cartel Office (FederalCartelOffice) approval to this transaction file.
From Aluminum Corporation of China (hereinafter referred to as "aluminum"), learned the news inside. Rio Tinto also made public yesterday, the German government approved a statement of investment transactions, which said, "Getting the approval and other regulatory approval to carry out this strategy with the aluminum Cooperation One of the conditions. "
Involved in the acquisition of aluminum case, a staff member told the newspaper, we are concerned about the shock of international mergers and acquisitions will be approved by the Government of Australia, a matter of fact, the deal to go through Germany, the United States and other countries Government anti-trust and foreign investment, the investigation, and ultimately approved. Once a country can not get government approval, we must adjust program in merger and acquisition of the assets related to the content.
"This merger also requires approval of Chinese Ministry of Commerce, and Coca-Cola Huiyuan acquisition program needs as approved by the Ministry of Commerce." The source said. Reporter has learned that aluminum has not yet submitted a formal application to the Ministry of Commerce.
Aluminum told reporters the company in March 2 to the German Federal Cartel Authority, the application, in this time, aluminum is also the Australian Foreign Investment Review Board (FIRB), the United States submitted to the relevant authorities for . Rio Tinto's plan for investment, the principal assets located in Australia, the Australian Government approved the deal to become the biggest potential threats.
On March 25, the Australian Competition and Consumer Trade Commission (ACCC) announce the completion of the transaction concept of the anti-monopoly review, that the item itself can not unilaterally affect the prices of iron ore, also will not weaken the future of Australia's copper, aluminum, bauxite and other products involved in fair competition, so no objection to the injection of Rio Tinto Aluminium transactions.
Approval of the United States and Germany is as important as aluminum, aluminum to admit, even though aluminum own deal to do a full assessment and prepare a range of materials, but also a lot of variables, "as long as there is disagreement mean that M & A program to make adjustments. "Currently, the U.S. had not yet been approved.
German Federal Cartel Office in reply to a letter of aluminum's lawyer, said the investment plan submitted in accordance with aluminum German law should not be prohibited, the request by virtue of the aluminum company's shareholders as soon as possible back to the Federal Cartel Office to receive formal approval. Aluminum required to pay the administrative costs of this work is 11,000, to be paid within a month. "To get this letter, means that we invest in Rio Tinto from the success a step closer." Aluminum excited that these people yesterday.
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