Kazakhmys, which is listed on the FTSE 100 and is a regular client of the City giant, has agreed to take on an extra 7.7% share in ENRC from the Government of Kazakhstan in a deal worth around £1.4bn.
Corporate partner Charlie Jacobs, who co-heads the mining group at the magic circle law firm, headed the team for Linklaters, alongside Moscow-based corporate partner Hugo Stolkin and managing associate Alex Molla.
JP Morgan Cazenove and Merrill Lynch acted as financial advisors to Kazakhmys on a deal that is subject to regulatory and shareholder approval. The mining company has ruled out making a formal takeover bid for ENRC.
Linklaters has advised Kazakhynms since its
Meanwhile, the City giant also represented Kazakhmys in March on the creation of a $2.1bn (£1.06bn) pre-export debt facility. That deal was unique in the trade finance market, representing the first time that funds certainty had been used in the context of a pre-export financing.
