Rodrigo, Elías & Medrano Abogados Advised Minmetals (MMG) on the USD 5.8 Billion Acquisition

May, 2015 - Peru

Rodrigo, Elías & Medrano Abogados advised Minmetals (MMG) on the US$ 5.8 billion acquisition process of the Las Bambas project from Glencore Xstrata. As the Firm was requested to assist two of the three interest bidders, it was necessary to put together another team of lawyers to advise Chinalco on the same acquisition process of Las Bambas.

The two teams were comprised by around 16 lawyers each (involving some of other practice areas), covering different fields of expertise, given the complexity of the matters involved and the scale of the project. By assuring full confidentiality between them, these teams provided independent legal advice to both clients during the pre-acquisition phase, and played a crucial role in their progress towards the project’s potential acquisition.

Those companies were the most important bidders for the potential acquisition of which is expected to be one of the world’s largest copper mines after it starts up in 2015. Indeed, as a consequence of the deal we are now advising Minmetals (MMG) on many different aspects of the development and construction of this project, which involves an additional investment of US$ 6 billion.

The deal was recognized by Latin Lawyer and also awarded Global M&A Deal of the Year: Latin America/Peru by American Lawyer.

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