Allens advises Newcrest on successful merger of gold majors
29 September 2010
Allens Arthur Robinson (Allens) has advised leading international gold company Newcrest Mining Limited on its A$9.5 billion acquisition of gold major, Lihir Gold Limited, which has mining operations in Papua New Guinea, West Africa and Australia.
The deal was completed earlier this month and makes Newcrest the world's fourth largest gold company by market capitalisation, a top 10 listed company on ASX by market weighted capitalisation, and the largest company listed on the Port Moresby Stock Exchange.
The deal was structured under a scheme of arrangement between Lihir and its members under Papua New Guinean law and involved the efforts of lawyers across several jurisdictions, offices and departments at Allens.
Team leader Jon Webster said it involved some novel deal structuring features including a 'go shop' right for Lihir, a relatively rare feature for a major listed company acquisition in the Australian market.
| Allens legal team | Partners Jon Webster (Partner – Melbourne), Richard Kriedemann (Partner – Sydney), Robert Simkiss (Partner – Melbourne), Cameron Rider (Partner – Melbourne) and Vaughan Mills (Partner – Port Moresby), Gaurav Patel (Senior Associate – Melbourne), Emin Altiparmak (Senior Associate – Melbourne), Gadi Bloch (Senior Associate – Melbourne) and Jonathan Teo (Lawyer – Melbourne) |
Ends
For further information, please contact:
- Susan CowenCommunications Coordinator,
Melbourne
Ph: +61 3 9613 8374
Susan.Cowen@allens.com.au
Notes for editors.
Allens Arthur Robinson has staff in 14 cities and eight countries across the Asia Pacific.