Chapter 1397: BHP Billiton(2/2)
The reason why it is said to be quiet is that outsiders basically cannot see it.
I can’t see it on the street. If you want to go to some shops, you will ask you to clear the venue in advance.
In the evening, I said goodbye to my female assistant and continued to switch to Erin Lauder's side.
Although not nervous, Simon had no time to take care of himself. He was not informed of a big news until Thursday morning when he left Lauder's house.
In the other side of Australia.
BHS, a subsidiary of Johnston Holdings, officially reached an agreement to acquire Billiton, another Australian mining giant, with a transaction price of A$27.5 billion, while the total transaction size is close to A$60 billion, equivalent to approximately US$43 billion.
As the two parties reach an agreement, the next issue is the review.
This time it's more troublesome.
Because the merger and acquisition scale is large, in addition to the Australian government, the transaction must also be approved by other WTO member states.
Fortunately, this is not a big problem.
Because the steel industry is currently in another downturn cycle caused by last year's Asian financial crisis, Johnston Holdings has sufficient reasons to strengthen resource integration through mergers and acquisitions below market risks. The main reason is that the Westeros system assists in operation. First of all, the Five Eyes Alliance is not an obstacle. After passing the Five Eyes Alliance, there is no reason for France, which has not been dealing with the Westeros system, there is no reason to deliberately prevent this acquisition.
Chapter completed!