Latham & Watkins has advised VTB Bank as arranger and lender in connection with the GBP 3 billion take-private offer for KAZ Minerals PLC made by Nova Resources, a consortium formed by two of KAZ Minerals’ largest shareholders. Linklaters reportedly advised KAZ Minerals on the deal.
According to L&W, “the offer was announced to the market on October 28, 2020, and is to be implemented by way of a scheme of arrangement. Completion of the acquisition is subject to satisfaction of certain conditions, including the consortium receiving certain regulatory and antitrust clearances, which are anticipated to be obtained mid-2021.”
Latham & Watkins’s team was led by Moscow-based Partners Ragnar Johannesen and Olga Ponomarenko and included, in Moscow, Associates Vladimir Mikhailovsky, Seb Tuohy, and Alexandra Samsonova, and in London, Partner Richard Butterwick and Associate Douglas Abernethy.
Editor's note: After this article was published Linklaters informed CEE Legal Matters that its team included UK-based Senior Partner Charlie Jacobs and Partner Ian Hunter and Moscow-based Counsel Evgeniya Rakhmanina.
