Clifford Chance Reps Rockwood In $400M Lithium Venture

Law360, New York (December 2, 2013, 1:42 PM EST) -- Specialty chemical company Rockwood Holdings Inc. and China-based Chengdu Tianqi Industry Group will pick up the operator of the world’s largest known lithium reserve, with Rockwood kicking in $196 million and Tianqi forking over $204 million, the companies said Monday.

Under the terms of the deal, Rockwood will gain a 49 percent stake in Talison Lithium Pty Ltd. and Tianqi will nab a 51 percent stake. Rockwood will fund its investment with cash-on-hand, the company said.

Investing together in Talison bulks up Rockwood’s reserves of lithium...
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