Latham & Watkins advised VTB Bank (PJSC) as arranger and lender in connection with the £3 billion take private offer for KAZ Minerals PLC made by Nova Resources, a consortium formed by two of KAZ Minerals’ largest shareholders. The offer was announced to the market on 28 October 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 Latham team was led by Moscow based partners Ragnar Johannesen and Olga Ponomarenko, with associates Vladimir Mikhailovsky, Seb Tuohy and Alexandra Samsonova, and supported by a London corporate team led by partner Richard Butterwick and associate Douglas Abernethy.
