Toronto on 7 November 2013 when he said that a little wiggle room was needed on foreign takeover rules. Bonds On 5 November 2013, British Columbia finance minister Mike de Jong reported a successful placement of Chinese RMB$2.5bn in dim sum bonds. The issue was five times oversubscribed. Investments 2004–05 On 8 March 2004, The J.M. Smucker Company bought International Multifoods Corporation for cash US$500M and considerations of $340M. This included Robin Hood Flour, Red River Cereal, Bick's Pickles and Monarch Flour, among a dozen other brands. On 21 August 2005,TUI AG unit Hapag-Lloyd agreed to acquire CP Ships Limited, including its Port of Montreal transshipment wharf, for €1.7bn (US$2bn) in cash. It has now made the combined fleet the fifth largest by capacity in the worldwide container shipping market. In 2006 the CP Ships name disappeared for good. TUI AG plans to divest of Hapag-Lloyd, which is a 37% German SOE. 2006 In January, ArcelorMittal took over Dofasco, for bn. In August, Xstrata (subsequently delisted) bn purchased for US$22.5bn Falconbridge Ltd. (subsequently delisted) In October, Vale purchased 86% of INCO (subsequently delisted) for bn In 2006 and 2007, Sinopec Shanghai Engineering Co. Ltd.'s Canadian subsidiary named SSEC Canada Ltd was hired by Canadian Natural Resources to build a structure on their Horizon Oil Sands project. On 24 April 2007, two Chinese temporary foreign workers were killed and five other Chinese temporary foreign workers were injured. SSEC was fined in October 2012 mn for the incident. Investigations later determined that 132 SSEC workers had been unpaid since the start of their employment with SSEC. SSEC fled the country and the government was unable for a number of years to serve it legal documents. 2007 In January, Bowater merged with Abitibi Consolidated to form a 52-48 joint venture called AbitibiBowater. In April, Algoma Steel was purchased by India's Essar Group for US$1.63 billion, continuing operations as a subsidiary known as Essar Steel Algoma Inc. In May, a deal to acquire IPSCO steel (of Saskatchewan) for $7.7 billion was announced by SSAB Swedish Steel AB. In June, the ED Smith Income Fund accepted a takeover for mn from TreeHouse Foods of Chicago. In July, Rio Tinto acquired Alcan Inc., in a US$38 billion deal. Rio Tinto Alcan subsequently divested itself of Alcan Engineered Products (to a consortium) and Alcan Packaging (to Amcor, announced in August 2009). In January 2013 the CEO in