In Canada, INCO has bought FALCONBRIDGE for 12.8 billion Canadian dollars (CAD). This friendly offer will produce the world's largest nickel producer with a combined turnover of 6.4 billion CAD over the first sic months of 2005. INCO will purchase the capital of its competitor at 34 Canadian dollars per FALCONBRIDGE share or through exchange of share at a rate of 0.6713 INCO shares per FALCONBRIDGE share.