EU Opens Probe Into Rio Tinto, BHP Joint Venture

Law360, New York (January 25, 2010, 1:34 PM EST) -- The European Commission has opened a formal investigation into the proposed iron ore joint venture between Rio Tinto Ltd. and BHP Billiton Ltd., a deal that would combine the efforts of two of the world's three largest producers of iron ore.

The regulator said Monday that it will focus on the proposed joint venture's effects on the worldwide market for iron ore transported by sea. The EC did not set a deadline for concluding its probe and said that the opening of a case does not...
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