皇冠体育app

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皇冠体育applco buys $1.5B Rio Tinto shares
(Xinhua)
Updated: 2009-07-02 14:50

BEIJING: Aluminum Corporation of 皇冠体育app (皇冠体育applco) confirmed Thursday it had bought US$1.5 billion of Rio Tinto shares to cement its 9 percent shareholding in the miner.

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The deal was made to maximize the interests of 皇冠体育applco, Lu Youqing, 皇冠体育applco's vice president, told Xinhua.

If 皇冠体育applco did not made the deal, its shareholding in the miner would decrease from 9.3 percent to about 6 percent.

The deal came after 皇冠体育applco's US$19.5 billion bid failed last month to raise its stake in Rio Tinto.