Skip to main content

Mayer Brown, Torys, Philippi Prietocarrizosa Ferrero DU & Uría and Bofill Mir & Alvarez Jana have advised Japan’s Sumitomo on its acquisition of a 30 percent stake in the Quebrada Blanca copper mine expansion in northern Chile from Canadian mining company Teck Resources.

The seller was advised by Canadian law firm Fasken and Chile’s Carey.

According to Reuters, Sumitomo will pay an $800 million earn-in contribution and a $400 million matching for the stake. On completion of the deal, Teck will own 60 percent of the Quebrada Blanca project and Chilean state agency ENAMI will hold the remaining 10 percent.

The Mayer Brown team was led by head of the Africa and mining practices Ian Coles, corporate & securities partners Rob Hamill, Satoru Murase, Connor Cahalane, Rebecca Bothamley and Thomas Moore, banking & finance partner Rachel Speight and construction & engineering partner Jonathan Hosie.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

Deals

Khaitan, JSA, Hogan Lovells guide $515 mln Waaree IPO

by Nimitt Dixit |

Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.

Deals

CAM, Khaitan guide Adani-backed Renew Exim’s $380 mln ITD acquisition

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised Adani Group's Dubai-based firm Renew Exim DMCC on its acquisition of a 46.64 percent stake in ITD Cementation India for around $380 million from Italian-Thai Development Public Company, who was represented by Khaitan & Co.

Deals

CAM, AZB, SAM, Latham advise on landmark $1.3 bln Swiggy IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.