Chinalco Executive:No China Government OK Yet For Planned Rio Tinto Deal
February 11 2009 - 9:36PM
Dow Jones News
China's central government has yet to give its approval for
Aluminum Corp. of China's proposed $19.5 billion deal with Rio
Tinto Ltd. (RTP), Chinalco Deputy General Manager Lu Youqing said
Thursday.
"At this time, not yet," Lu said, when asked if the deal had the
support of the government.
Lu said he didn't know when the government will make a
decision.
Earlier Thursday, Lu confirmed Rio Tinto is in the process of
finalizing the deal with Chinalco.
The deal would require approval from the Chinese regulators.
-By Chuin-Wei Yap, Dow Jones Newswires; 8610 6588 5848;
chuin-wei.yap@dowjones.com