China Business News: Wuhan Iron and Steel eyes stake in Brazil's MMX

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Wuhan Iron and Steel eyes stake in Brazil's MMX

Jun. 24, 2009 (China Knowledge) - Wuhan Iron and Steel (Group) Corp (Wisco), the parent of Shanghai-listed Wuhan Iron and Steel Co Ltd<600005>, has made a nonbinding offer to buy minority stakes in Brazil-based iron ore miner MMX and its subsidiary, MMX Sudeste Mineracao, said the Brazilian company in a statement on Monday.Wisco will spend a total of US$120 million buying a 9.09% stake in MM

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