Financial Times FT.com

Buoyant BHP presses case for Rio takeover

By Rebecca Sharp in Sydney and Pan Kwan Yuk in London

Published: August 18 2008 08:49 | Last updated: August 18 2008 11:42

BHP Billiton pressed the case for its proposed takeover of rival Rio Tinto as it unveiled record full-year profits on Monday.

Marius Kloppers, chief executive of BHP Billiton, said the takeover, valued at about $127bn, made “more sense than ever”.

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