Chinalco provides pain relief to Asian markets
The Chinese aluminium group’s US$12.3 billion bid for stakes in some of Rio Tinto’s most valuable mining assets energised Asia’s otherwise quiet capital markets last week. But what added up to a bumper week for M&A deal-makers was not replicated in equity and debt.
It would have been another painfully quiet period in Asia’s capital markets last week were it not for Aluminum Corp of China’s move to acquire some of Rio Tinto’s most valuable mining assets.
Chinalco, as the state-owned Chinese firm is known, made a US$12.3 billion bid for direct
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