Baos­teel’s $1.3b takeover ap­proved by Aus­tralian govt

China Daily (Canada) - - BUSINESS -

Chi­nese iron and steel gi­ant Baos­teel Group Corp moved closer to se­cur­ing an A$1.4 bil­lion ($1.29 bil­lion) takeover of Aquila Re­sources Inc af­ter the Aus­tralian govern­ment ap­proved the deal on Thurs­day. Baos­teel

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