Metals & Mining

Mon, 03/01/2010 - 12:38

WISCO seals deal with Brazil's MMX

Shanghai. March 1. INTERFAX-CHINA - Wuhan Iron and Steel (Group) Corp. (WISCO), a major Chinese steel producer, has bought 101.7 million shares in Brazilian iron ore miner MMX Mineracao e Metalicos S.A., a subsidiary of EBX Investimentos Ltda. (EBX), for $400 million, a WISCO subsidiary announced on Feb. 27.

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