LawFuel.com – The Law Firm Newswire Service – International law firm Clifford Chance has advised Eurasian Resources Group on its £3 billion offer for the entire issued and to be issued share capital of Eurasian Natural Resources Corporation PLC (ENRC).
Eurasian Resources has offered US$2.65 in cash and 0.23 Kazakhmys share for each ENRC share. The total offer is approximately 234.3p per ENRC share and £3.043 billion on ENRC’s equity. Eurasian Resources is a consortium comprising Alexander Machkevitch, Alijan Ibragimove, Patokh Chodiev and the State Property and Privatisation Committee of the Ministry of Finance of the Republic of Kazakhstan.
The Clifford Chance team was led by partners Tim Lewis and Mark Carroll on the Corporate side and by Karen Hodson on the Finance side. The team included Corporate partner Lee Coney and was supported by Corporate senior associates Amanda Keelan and Katherine Moir, and Finance senior associate David Robson. Advice from other areas of the firm was provided by Jonathan Elman in Tax, Sonia Gilbert in Employee Benefits and Jeremy Sandelson and Luke Tolaini in Litigation and Dispute Resolution.