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International Edition

Linklaters and Cleary lead on Lafarge and Anglo American UK joint venture

Linklaters and Cleary Gottlieb Steen & Hamilton are advising on a joint venture (JV) between Anglo American and French industrial giant Lafarge which is set to create a UK building materials businesses with total sales of £1.8bn. The proposed deal is a 50:50 JV combining the companies' UK cement, aggregates, ready-mixed concrete, asphalt and contracting businesses. The parties said that the tie-up had been sparked due to complementary geographical distribution of operations.
2 minute read

International Edition

Paul Hastings adds five new partners in Paris with Hogan Lovells and Proskauer hires

Paul Hastings Janofsky & Walker has grown its Paris arm with the hire of five partners from Hogan Lovells and Proskauer Rose. The team includes Hogan Lovells Paris corporate head Pascal de Moidrey and Proskauer's local corporate chief Guillaume Kellner, both of who are joining Paul Hastings' corporate practice in the French capital. Hogan Lovells corporate partner Alexis Terray and counsel Edith Boucaya are also set to join the corporate team as partners, while Proskauer litigation partner Nicolas Faguer will join the US firm's Paris litigation practice.
2 minute read

International Edition

A&O and Skadden take top roles on Shell's $1bn Africa shareholding sale

Allen & Overy (A&O) and Skadden Arps Slate Meagher & Flom have won the lead mandates on Shell's $1bn (£617m) sale of parts of its African business. The deal, which comes as Shell moves to sell off non-core operations, will see oil trader Vitol and private equity firm Helios Investment Partners acquire the majority of Shell's shareholdings in its downstream businesses in Africa.
2 minute read

International Edition

Reed Smith launches new London incentives practice with Stephenson Harwood hire

Reed Smith is set to launch a standalone incentives and benefits practice in London with the hire of Stephenson Harwood's employee incentives team head Jeremy Glover. Glover is currently a partner in the corporate department of Stephenson Harwood where he is one of two lawyers specialising in employee incentives. He is due to leave the firm on 30 April to join Reed Smith.
2 minute read

International Edition

Linklaters and A&O head up BP's $7.2bn India investment deal

Magic circle duo Linklaters and Allen & Overy (A&O) have won lead roles as BP enters into a joint venture (JV) deal representing one of the largest-ever foreign direct investments into India. Linklaters is advising regular client BP on the $7.2bn (£4.4bn) JV that sees it tie up with Indian energy giant Reliance Industries, which was advised by A&O. A&O's team was led by high-profile energy partners John Geraghty and Paul Griffin - who joined the magic circle firm from Herbert Smith last year - and also included antitrust partner Mark Friend.
2 minute read

International Edition

Eversheds leads on sale of Sugar Puffs owner to Finnish company

Eversheds has taken a lead role on the £82m purchase of Sugar Puffs parent company Big Bear Group by a Finnish food business. The top 10 UK firm advised Raisio, an existing client of the firm, on its purchase of the Big Bear, which owns well-known brands including Honey Monster, Sugar Puffs and Fox's Confectionery. Eversheds head of food Robin Skelton took the lead role on the deal, which closed earlier this month (4 February).
2 minute read

International Edition

Ashurst and Latham take lead on Sweden's $2.9bn bank stake sale

Ashurst and Latham & Watkins have taken lead roles on the Kingdom of Sweden's sale of $2.9bn (£1.8bn) of its stake in Swedish bank Nordea. Ashurst advised the underwriters on the deal, which included Nomura, Morgan Stanley and Swedish bank SEB Enskilda. The City firm fielded a London and Stockholm team led by City-based head of capital markets Nicholas Holmes.
2 minute read

International Edition

Wragges wins debut corporate role for Premier Foods on £182m deal

Wragge & Co has won a first-time corporate instruction from Premier Foods, advising the UK's largest food producer on the £182m sale of its tinned grocery business to rival Princes. The sale sees Princes, which is owned by Japanese trading company Mitsubishi Corporation, take over Premier's 1,600-staff Canned Grocery Operations arm, which includes brands such as Crosse & Blackwell, Fray Bentos, Farrows and Smedley's.
2 minute read

International Edition

CC wins role on Chinese oil giant's $5.4bn Canadian energy investment

Clifford Chance (CC) is acting alongside two Canadian firms on PetroChina's proposed $5.4bn (£3.4bn) investment in Canadian energy company Encana's natural gas assets, reports The Am Law Daily. Oil giant PetroChina will take a 50% stake in Encana's Cutbank Ridge natural gas assets in British Columbia and Alberta, in a deal set to mark the largest-ever Chinese investment in Canada's energy sector.
2 minute read

International Edition

Linklaters and Wachtell lead on Deutsche Boerse/NYSE merger

Linklaters and Wachtell Lipton Rosen & Katz have taken lead roles on the proposed merger between Deutsche Boerse and NYSE Euronext in a deal that looks set to create world's largest stock exchange by revenue and profits. Linklaters is advising longstanding client Deutsche Boerse on the proposed all-stock tie-up, which would see the merged business jointly based in New York and Frankfurt.
2 minute read

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