Shearman, Clifford Chance Will Provide Counseling on $5.4 Billion Copper Deal
Shearman, Clifford Chance
Mitsubishi has plans to acquire a 24.5 percent share of London mining giant Anglo American's Chilean copper business. The shares will be sold for $5.39 billion that is meant to prevent Chile's government from taking its own sizable stake in the operation under a previous agreement. This deal will allow Anglo American to stop Codelco, state-owned Chilean mining company, from putting into effect an option to take a 49 percent stake in the operation. Mitsubishi has hired Clifford Chance energy and mining partner Kathy Honeywood in London and M&A partner Robert Masella in New York as counsel for the case. Shearman & Sterling including M&A partner Michael McGuinness will be advising Anglo American on the case.
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