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European Commission May Force BHP, Rio Iron Ore Sales

Monday, Oct 27, 2008
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MELBOURNE,(Dow Jones Commodities News via Comtex)-- BHP Billiton Ltd. (BHP.AU) may be forced to sell some of its iron ore assets or those of Rio Tinto Ltd. (RTP) under expected recommendations by the European Commission on BHP's attempted takeover of Rio, the Australian Financial Review reported Friday, citing unnamed industry sources. The newspaper said BHP is expected to receive a confidential "statement of objections" from the EC by early November that will outline the anti-trust concerns.

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