By Javier Blas and William MacNamara
The rise of China and India has sparked a renewed surge in aggressive dealmaking in the resources sector, with more than $50bn in proposed takeovers this week alone wagering on continued strong commodities demand.
BHP Billiton on Friday tabled formally its $39bn hostile takeover for PotashCorp, the world’s largest listed fertilised producer, ahead of a statement from Sinochem, the Chinese-state owned chemical group.
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forum4finance (19 July 10)
