Chalco's Buying Into Rio Tops Asian Q1 Acquisitions

Acquisitions in Asia in the first quarter this year were up 12.2% to 120.6 billion dollars on year, exclude Japan, according to data. Though the amounts were down to 1814 from 1883, the total sum maintained growing. Chalco’s buying into Rio Tinto ranks the first on sum followed by the Government of Singapore Investment Corporation Private Limited (GIC), who bought into Citigroup with 6.9 billion dollars. Both were multinational acquisitions.