BHP say EU merger suspension normal part of process

Competition

BHP Billiton said a suspension by the European Commission of its review of plans to acquire Rio Tinto was a normal part of the process.

“Suspensions are a normal part of phase two investigations under the EC merger regulations,” BHP spokesman Ruban Yogarajah said. The company was working to provide the requested information, he added.

“BHP Billiton remains confident that all the regulatory preconditions for its offer for Rio Tinto can be satisfied.” (Reuters)

ADVERTISEMENT

Mapei Targets 6% Higher Revenue This Year Figures

Mapei Targets 6% Higher Revenue This Year

Parliament Negates Mandatory Membership in MOK Parliament

Parliament Negates Mandatory Membership in MOK

Magyar Suzuki to Start Dual Training Courses Automotive

Magyar Suzuki to Start Dual Training Courses

Budapest Leaders Unveil Plans to Scale Back Traffic on Thoro... City

Budapest Leaders Unveil Plans to Scale Back Traffic on Thoro...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.