Baosteel ramps up Aquila pressure

Suitor has warned Aquila investors the firm’s major assets could continue to be threatened by poor relations with JV partners.

China's Baosteel has warned Aquila investors that the firm’s major assets could continue to be threatened by poor relations with joint venture partners.

The Chinese state-owned entity, which last week teamed up with Australian rail freight company Aurizon to launch a $1.4 billion bid for Aquila, raised the issue of development risk in its bidder’s statement yesterday.

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