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Private-equity firm Blackstone GroupBX on Monday flatly denied a published report that it was interested in buying the U.K.-based miner Rio TintoRTP. The U.K.'s Daily Telegraph on Monday reported the firm was planning an "audacious" bid through a consortium of players including a Chinese sovereign wealth fund. Rio is battling a hostile takeover effort by Australian rival BHP BillitonBHP. Blackstone, in a written statement, said it has consulted with the U.K. Takeover Panel and told officials that there is no truth to the story. "Blackstone can also confirm today that it is not involved in this transaction in either an investment or advisory role," the company said.
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