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Australia approves 300 million US dollar acquisition of 20% stake in China Baosteel

Source: Internet
Author: User
Keywords Equity China Baosteel China
Tags company enterprises global network group network network reporter project
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Global network reporter Gao You reported, according to the Australian Herald Sun October 30, Australia iron ore and coal enterprises, Aquila Resources Co., said in a statement 30th, Australia "Foreign investment audit Committee"　　Baosteel, China's largest steel company, has been approved to buy a 19.99% per cent stake in the company, worth $285 million. The company's shareholders voted in Wednesday to support the deal, the report said.　　The project is currently pending approval by China's regulatory authorities. This is the first large-scale strategic investment by Baosteel Group for international listed companies to ensure a long-term supply of raw materials.

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