Nova Resources’ £3 Billion Take Private Offer for KAZ Minerals

Nova Resources' £3 Billion Take Private Offer for KAZ Minerals

Linklaters advised KAZ Minerals, Latham & Watkins and Walkers advised VTB Bank as arranger and lender in the transaction and Buren acted as Dutch counsel to Nova Resources.

As reported in CEE Legal Matters and in others online publications Nova Resources executed a GBP 3 billion take-private offer for KAZ Minerals PLC.

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.

The Linklaters team included Senior Partner Charlie Jacobs (Picture), Partner Ian Hunter and Moscow-based Counsel Evgeniya Rakhmanina.

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.

The Walkers team was led by Partner Jack Boldarin, supported by senior associate James Denham.

The buren team included Cees-Frans Greeven, Jeslin Brunsting, Lous Vervuurt, Sophie Umans, Tatev Avetian and Tjeerd Aghina.

Involved fees earner: Tjeerd Aghina – Buren; Tatev Avetian – Buren; Jeslin Brunsting – Buren; Cees-Frans Greeven – Buren; Sophie Umans – Buren; Lous Vervuurt – Buren; Douglas Abernethy – Latham & Watkins; Richard Butterwick – Latham & Watkins; Ragnar Johannesen – Latham & Watkins; Vladimir Mikhailovsky – Latham & Watkins; Olga Ponomarenko – Latham & Watkins; Evgeniya Rakhmanina – Latham & Watkins; Alexandra Samsonova – Latham & Watkins; Seb Tuohy – Latham & Watkins; Ian Hunter – Linklaters; Charlie Jacobs – Linklaters; Jack Boldarin – Walkers Global; James Denham – Walkers Global;

Law Firms: Buren; Latham & Watkins; Linklaters; Walkers Global;

Clients: KAZ Minerals ; Nova Resources B.V.; VTB Bank;

Author: Ambrogio Visconti