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Chinalco ups stake in Rio Tinto, injects $19.5b
By Jiang Wei (chinadaily.com.cn)
Updated: 2009-02-12 14:49
This will increase Chinalco's stake in the miner to 18 percent, from the 9 percent it held earlier. Under the agreement, Rio Tinto will sell $12.3 billion in assets to Chinalco, and raise the additional $7.2 billion through convertible bonds, foreign news agencies said.
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