Baosteel to buy 15pct stake in Aquila Resources
Baosteel Group, China's largest steel mill, has agreed to buy a 15 percent in Australian miner Aquila Resources (ASX:AQA) for A$286 million (US$240 million).
Baosteel plans to buy up to 43.95 million Aquila shares at A$6.50 a share, Aquila said in a statement.
