day-1-awards-for-achievement-2008

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 move was intended to give state-owned enterprise Chinalco a negotiating position if BHP Billiton's hostile bid for Rio Tinto went through Even those who suggest that Lehman Brothers (the deal was completed before the takeover by...
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