Linklaters and Dewey take cross-border roles on $1.34bn zinc mining deal

Linklaters and Dewey & LeBoeuf have taken lead roles on a $1.34bn (£907m) cross-border mining deal which is set to see Indian mining group Vedanta Resources become the world’s largest zinc producer.

The deal sees Vedanta purchase three zinc mines from rival conglomerate Anglo American, including the Skorpion mine in Namibia, Lisheen in Ireland and a 74% stake in Black Mountain in South Africa.

Linklaters advised Anglo American, while Dewey took the lead role for Vedanta.

Linklaters City M&A partner Michael Sullivan led the magic circle law firm’s team alongside managing associate Mark Cooper, while Dewey fielded a London-based team headed up by corporate finance partners Camille Abousleiman and Simon Briggs.

Dewey’s EU and competition practice group head Peter Crowther also advised on competition aspects of the deal, while the firm’s co-head of environmental litigation Nick Rock advised on environmental law.

Leading Irish firm Mason Hayes & Curran and Zambia’s Corpus Legal provided local law advice to Vedanta.

Vedanta made history in 2003 when it became the first Indian company to list on the London Stock Exchange, in an $876m (£596m) placing that handed roles to Freshfields Bruckhaus Deringer and India’s Amarchand & Mangaldas & Suresh A Shroff & Co.

Linklaters has been Anglo American’s primary legal adviser in the UK since it listed on the London Stock Exchange in 1999 following a merger between Anglo American Corporation of South Africa and Linklaters client Minorco.

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