Day 1: Awards for Achievement 2008
Today we announce the defining deals of 2008 from each country. They can be an equity offering, an M&A transaction or a bond. In some cases, we have taken the opportunity to select a transaction that did not receive one of our major deal awards, but very much deserves the recognition.
BEST CHINA DEAL
Chinalco's $14 billion stake acquisition in Rio Tinto
Advisers China International Capital Corp, Nomura
Legal advisers Cleary Gottlieb Steen Hamilton, Clifford Chance, Linklaters, Mallesons Stephen Jaques, Simpson Thacher Bartlett, Wachtell Lipton Rosen Katz
On February 1, Aluminum Corporation of China Chinalco and US aluminium producer Alcoa bought 12% of the outstanding shares in UK-listed Rio Tinto for $14 billion via Singapore-based holding company Shining Prospect. Chinalco owns around 91.5% of Shining and Alcoa the balance. The...
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