1. In to Win.
- Author
-
Tan Wei
- Subjects
- *
CORPORATE growth , *STRATEGIC planning , *INVESTMENTS , *ALUMINUM industry , *MERGERS & acquisitions - Abstract
The article discusses the overseas expansion strategy of Chinese enterprises of launching low-key approach in investments, as exemplified by the joint acquisition of a 12% stake in Rio Tinto by the Aluminum Corp. of China (Chinalco) and Alcoa. The acquisition has a total price of $14.05 billion, into which Alcoa committed $1.2 billion. The impact of the Rio Tinto acquisition on mining company BHP Billiton is analyzed.
- Published
- 2008