Related News
Wuhan Iron in talks
BRAZILIAN iron ore miner MMX Mineracao e Metalicos SA said Wuhan Iron and Steel has offered to buy stakes in it and its unit for US$400 million.
Hubei Province-based Wuhan Iron would acquire 9.9 percent in MMX for US$120 million via a share placement by the Brazilian miner, according to the terms of the non-binding offer released by MMX late Monday.
The Chinese steel company also would buy 23 percent of MMX Sudeste Mineracao for US$280 million, also by means of a new share sale, according to Rio de Janeiro-based MMX.
The Brazilian miner had earlier disclosed it was talking with Wuhan Iron and other potential buyers over an investment, as its controller, Brazilian billionaire Eike Batista, seeks to sell all or part of the firm.
A non-binding offer would allow Wuhan or MMX to withdraw from, and discontinue, the transaction until a mutually agreeable deal is reached.
Hubei Province-based Wuhan Iron would acquire 9.9 percent in MMX for US$120 million via a share placement by the Brazilian miner, according to the terms of the non-binding offer released by MMX late Monday.
The Chinese steel company also would buy 23 percent of MMX Sudeste Mineracao for US$280 million, also by means of a new share sale, according to Rio de Janeiro-based MMX.
The Brazilian miner had earlier disclosed it was talking with Wuhan Iron and other potential buyers over an investment, as its controller, Brazilian billionaire Eike Batista, seeks to sell all or part of the firm.
A non-binding offer would allow Wuhan or MMX to withdraw from, and discontinue, the transaction until a mutually agreeable deal is reached.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.