8 December – LAWFUEL – The Law News Network – With Kazakhmys’ entry into the FTSE 100, Linklaters has advised on all four FTSE 100 mining IPOs on the main market of the London Stock Exchange since the late 1990s.
Linklaters acted as English and US counsel to CSFB and JPMorgan Cazenove, the joint global coordinators and joint bookrunners, on the IPO of Kazakhmys Plc. The Kazakhstan-based company is the world’s tenth largest copper producer and one of the first CIS companies to make its primary listing (as opposed to a global depositary share or ‘GDR’ listing) on the London Stock Exchange.
Linklaters’ team was led by corporate partner Charlie Jacobs with managing associate Hugo Stolkin, and included: Alex Molla (UK Corporate); Jennifer Schneck, Alek Naidenov and Alison Higgins (US Corporate); Ian Bowler and Aurell Taussig (tax). Norton Rose advised the issuer on English and US law and Aequitas acted as Kazakh transaction counsel.
Linklaters has previously advised (as legal adviser to the issuer or the banks) on the FTSE 100 mining IPOs of Xstrata, Anglo American and Billiton (now BHP Billiton) as well as on the FTSE 250 IPO of Vedanta, the first primary listing by an Indian company on the main market of the London Stock Exchange.
Charlie Jacobs, partner and co-head of Linklaters’ mining sector group, said:
“Linklaters has advised on some of most high profile and challenging deals in the mining sector globally. The IPO of Kazakhmys continues our track-record of advising on the major mining IPOs on the main London market, either as adviser to the issuer or the banks. London continues to be the venue of choice for listing of emerging market mining companies and this trend looks like continuing with more primary listings on the main market as well as global depositary share listings.”