CC, Simpson Thacher lead on $21bn China financing
Clifford Chance (CC) and Simpson Thacher & Bartlett have acted on a $21bn (£14bn) Chinese financing. The money was raised by the Aluminium Corporation of China (Chinalco) ahead of its expected $19.5bn (£13.1bn) investment in mining giant Rio Tinto.Simpson Thacher advised Chinalco, fielding a multi-office team led by Beijing-based corporate partner Douglas Markel, alongside UK finance partner Euan Gorrie in London, New York-based corporate partner Alan Klein and the firm's Washington DC managing partner Peter Thomas, who advised on regulatory aspects. Chinese firm Commerce & Finance also took a role for Chinalco.
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