The deal will see U.S. specialty chemical maker Rockwood Holdings Inc. and China's Chengdu Tianqi Industry Group form a joint venture to share ownership of Australia's Talison Lithium Pty Ltd.
By Quiteria Leung, December 5, 2013 :: Deals
* Davis Polk advising Chinese bad loan buyer Cinda on its upcoming $2.5 billion IPO
* PetroChina turns to Herbert Smith Freehills for an Iraqi oil investment
* Simpson Thacher and Amarchand on a $200 million Indian pharmaceutical investment by KKR
The Chinese state-owned oil giant is buying a 25 percent stake in an Iraqi oil field from Exxon Mobil.
The company, which was created by the Chinese government to acquire nonperforming loans from state-owned banks, will use the proceeds from its listing to expand its distressed asset portfolio.
Two state-owned companies have proposed to pay $1.3 billion for the U.S. oil company's offshore Indonesian assets.
By Quiteria Leung, November 28, 2013 :: Deals
*Skadden acts on U.S. IPO for Chinese classified advertising site 58.com
*WongPartnership advises real estate developer Ascendas on new Indian property fund
*Rahmat Lim & Partners and Allen & Gledhill represent Sime Darby Motors on Vietnamese acquisition
For international firms, China has generally been a tale of two cities: Beijing and Shanghai. But a number of firms are starting to eye second-tier markets like Chongqing, Dalian, Guangzhou, Shenzhen and Qingdao.