Press Release
| May 11, 2010
Dewey & LeBoeuf Advises Vedanta Resources in $1.34 Billion Zinc Asset Acquisition from Anglo American
(London, May 11, 2010) - A team of Dewey & LeBoeuf lawyers advised India's largest mining company, Vedanta Resources Plc, in its $1.34 billion agreement to acquire zinc assets from Anglo American Plc. With this acquisition, Vedanta boosts its presence in Europe and Africa and will become the world's largest zinc producer with 11 percent of the global market.
As part of the acquisition, Vedanta will buy the Skorpion mine in Namibia, the Lisheen mine in Ireland and a 74 percent stake in Black Mountain Mining in South Africa. Subject to approvals, the acquisition will be undertaken by Hindustan Zinc Limited, one of Vedanta's controlled Group companies.
The Dewey & LeBoeuf team was co-led by Partners Camille Abousleiman and Simon Briggs. Assistance was also provided by the following lawyers:
Corporate
Leanne Cox (Associate)
Rebecca Flanagan (Associate)
Richard Ellison (Trainee)
Competition
Peter Crowther (Partner)
Fabio Falconi (Associate)
Environmental
Nick Rock (Partner)
Claire Boyens (Associate)
Tax
Graham Brough (Associate)
Property
Jo Baker (Associate)
IP
Tim Hickman (Associate)
This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent.
For further information on Dewey & LeBoeuf, please visit www.dl.com. +1 888 532 6383