Chinese firms take 15-pct stake in niobium producer CBMM
September 01, 2011 at 04:14 AM EDT
SHANGHAI, Sept 1 (Reuters) - China's Citic Group has teamed up with stainless steel producers Taiyuan Iron and Steel and Baosteel to acquire a 15-percent stake in a Brazilian niobium producer for $1.95 billion, the official Xinhua news agency reported on Thursday.