October 30, 2020
Latham & Watkins advised VTB Bank (PJSC) as
arranger and lender in connection with the £3 billion take private offer for
KAZ Minerals PLC made by Nova Resources, a consortium formed by two of KAZ
Minerals’ largest shareholders. The offer was announced to the market on 28
October 2020 and is to be implemented by way of a scheme of arrangement.
Completion of the acquisition is subject to satisfaction of certain conditions,
including the consortium receiving certain regulatory and antitrust clearances,
which are anticipated to be obtained mid-2021.
The Latham team was led by Moscow based partners
Ragnar Johannesen and Olga Ponomarenko, with associates Vladimir Mikhailovsky,
Seb Tuohy and Alexandra Samsonova, and supported by a London corporate team led
by partner Richard Butterwick and associate Douglas Abernethy.