Sullivan's City arm takes lead role on $2bn Rio Tinto sell-off
Sullivan & Cromwell's London office has sealed its second deal for Rio Tinto in little more than a month, advising on the $2bn (£1.2bn) disposal of four packaging business units of its subsidiary Alcan. The mining giant is offloading Alcan's tobacco and drugs packaging units as well as its European and Asian food packaging arms to Australian group Amcor.
August 18, 2009 at 10:05 AM
2 minute read
Sullivan & Cromwell's London office has sealed its second deal for Rio Tinto in little more than a month, advising on the $2bn (£1.2bn) disposal of four packaging business units of its subsidiary Alcan.
The mining giant is offloading Alcan's tobacco and drugs packaging units as well as its European and Asian food packaging arms to Australian group Amcor.
The deal comes after Sullivan advised on last month's $1.2bn (£731.1m) sale of Alcan's Food Americas division to packaging company Bemis.
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