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    Rio Tinto says CSN accepts Riversdale offer

    Global miner Rio Tinto said it has control over 72% of takeover target Riversdale after Brazil's CSN accepted its offer.

    April 20, 2011 / 21:04 IST

    Global miner Rio Tinto said it has control over 72% of takeover target Riversdale after Brazil's CSN accepted its offer.

    Rio Tinto passed the 50% mark on the USD 4 billion offer on April 8 after failing over the past three months to persuade Riversdale's two key shareholders,Tata Steel and CSN to sell their combined 47% stake.

    Rio did not say in a statement whether Tata Steel will follow or whether it was holding talks with the Indian steel maker.

    first published: Apr 20, 2011 01:44 pm

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