Asian-Counsel Magazine awarded the US$19.5b strategic investment in the Rio Tinto Group by Chinalco as its April 2009 "Deal of the Month." Fried Frank represented Rio Tinto as US counsel in the transaction. The strategic alliance includes investment joint ventures in aluminum, copper and iron ore, as well as the issue of convertible bonds at the parent company level.
The deal was also named "M&A Deal of the Year" by the Asian Legal Business China Law Awards.
The Fried Frank team included tax partner Robert Cassanos (NY) and corporate partners Stuart Gelfond (NY), Lee Parks (NY) and Richard Steinwurtzel (HK).