Rudd Says China May Be Aiming for Seat on BHP Board

Peter Rudd, an analyst at Carroll, Pike & Piercy Pty., talks with Bloomberg's Catherine Yang about a report in The Australian newspaper that China may buy a stake in BHP Billiton Ltd., and the implication's for BHP's hostile $156 billion bid for Rio Tinto Group and iron ore price negotiations. China is in the early stages of planning to buy a bigger holding in BHP than the 9 percent of Rio Tinto acquired by state-owned Aluminum Corp. of China, or Chinalco, and Alcoa Inc., the newspaper said today, citing unidentified people in Beijing. (Source: Bloomberg)

Bloomberg | April 9, 2008

Tags:. .planning. .source. .price. .early. .holding