Monday, February 19, 2007

Anglo American bids for Mitsui stake in Sesa - paper

Mining giant Anglo American Plc has joined the race to bid for Japan's Mitsui & Co's 51 percent stake in Indian iron ore exporter Sesa Goa Ltd., the Business Standard reported on Tuesday.

Anglo American may emerge as a front runner as it had an existing partnership with Mitsui, Japan's second-biggest trading firm, the newspaper said, quoting unidentified banking sources

Read more at Reuters South Africa

No comments: