Regulatory scrutiny of the controversial iron ore joint venture between groups BHP Billiton and Rio Tinto intensified as Germany's competition watchdog opened a full probe into the deal.
It also emerged yesterday that its Australian counterpart had delayed a decision on the venture, citing the need for more information.
The Bundeskartellamt, Germany's domestic competition watchdog, is examining the proposed transaction under its merger rules, having been notified by the parties of the deal in late-January. The move to a full “second-phase” investigation means that a final decision would normally be taken by May.
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