Clifford Chance and Linklaters have taken lead roles as the Aluminium Corporation of China (Chinalco) seals a $19.5bn (£13.7bn) strategic partnership with mining giant Rio Tinto. The move represents the largest outbound investment ever put forward by a Chinese company and will see Chinalco increase its stake in Rio Tinto from 9% up to 18%.Chinalco was advised by CC with a team headed up by corporate partners Kathy Honeywood and Nigel Wellings in London and Rupert Li in Beijing.Antitrust support was provided by global head Simon Baxter in Brussels and London-based partner Greg Olsen, along with corporate partner Simon Cooke, tax partner Douglas French and Hong Kong-based energy partner Geraint Hughes.
February 12, 2009 at 12:53 AM
1 minute read
The original version of this story was published on Legalweek
Clifford Chance and Linklaters have taken lead roles as the Aluminium Corporation of China (Chinalco) seals a $19.5bn (£13.7bn) strategic partnership with mining giant Rio Tinto.
The move represents the largest outbound investment ever put forward by a Chinese company and will see Chinalco increase its stake in Rio Tinto from 9% up to 18%.
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