Chinese Trio Takes Stake in Brazilian Miner

Chinese Trio Takes Stake in Brazilian Miner

Brazil China M&A

Taiyuan Iron and Steel Group, CITIC Group and Baosteel Group have set up an investment vehicle to acquire a 15% stake in Brazilian miner Companhia Brasileira de Metalurgia e Mineracao, for $1.95bn, according to Chinese state media. CBMM, as the priva

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