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China M&A Wrap for the Week of 14 July 2010
By SMARTONY
Published: July 14, 2010 05:52 PM
July 14 – Sierra Leone-based African Minerals said Shandong Iron & Steel Group agreed to pay $1.5 billion for a 25% stake in its Tonkolili iron ore mine, which is estimated to supply Shandong 10 million tons of iron ore at discounted prices a year. Source: http://finance.qq.com/a/20100714/002051.htm   July 13 – Four Chinese firms led by Fosun International (HKG: 0656) are reported to be in talks with AIG for a joint bid for AIA. Source: http://finance.qq.com/a/20100713/004505.htm   July 13 – Prada denied Shanghainese businessman Lu Qiang had cumulatively acquired 13% of the Italian luxury retailer over the past two years. Lu said he had yet to comment on the news. Source: http://finance.qq.com/a/20100713/004141.htm   July 12 – China Life Insurance Co (NYSE: LFC, SHA: 601628, HKG: 2628), the nation's biggest insurer by market value, will spend almost ¥3.2 billion ($1 = ¥6.8) subscribing to 4.65%, or the largest ...
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