find the latest legal job
Corporate/Commercial Lawyers (2-5 years PAE)
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Specialist commercial law firm · Long-term career progression
View details
Graduate Lawyer / Up to 1.5 yr PAE Lawyer
Category: Personal Injury Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Mentoring Opportunity in Regional QLD · Personal Injury Law
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Freehills, Bakers act on China takeover

Freehills, Bakers act on China takeover

Freehills is acting for Indophil Resources on its newly announced A$545 million takeover bid by China's Zijin Mining.


LAW firm Freehills is acting for Indophil Resources on its newly announced A$545 million takeover bid by China's Zijin Mining. 


Zijin, China's third largest copper producer, has made a cash offer of $1.28 cash per share, and 18 per cent premium to Indophil's last closing share price. 


Indophil, of which its key asset is its minority stake in the Tampakan copper-gold project in the southern Philippines, recommended shareholders accept the off-market offer. 


Freehills was led by partner John Tivey on the deal, supported by solicitor Felicity Hammond. 


Freehills worked in conjunction with TransAsia Lawyers, Philippine law firm Fortun Narvasa Salazar as well as Baker & McKenzie.


Tivey said the deal meets Indophil’s objectives and delivers excellent value to the Indophil shareholders.


The Freehills team has assisted Indophil to weather the impact of the global financial crisis which interrupted Indophil’s sale process. 


Freehills provided strategic legal advice in a complex sale process which commenced in 2008 and involved two attempted takeover bids and a proposed asset sale across multiple jurisdictions.

 

As commodities prices have risen investors are again turning their attention to mining and exploration projects, the firm said. The Indophil deal reflects this trend and is also an indicator that China’s appetite for natural resources is still growing. 


Freehills capitalised on its strategic alliance with TransAsia Lawyers for this transaction. TransAsia Lawyers is a law firm licensed in the People’s Republic of China. Gresham Advisory Partners acted as Indophil’s corporate advisor.


Freehills has recently advised on a number of acquisitions by Chinese entities, including the sale of various OZ Minerals mining interests to China Minmetals in which Tivey was also the lead partner. 

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017


Freehills, Bakers act on China takeover
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice
Dec 15 2017
Timing ‘critical’ in unusual contempt of court ruling
A recent case could have interesting implications for contempt of court rulings, according to a Ferr...
Dec 14 2017
International arbitration and business culture
Promoted by Maxwell Chambers. This article discusses the impact of international arbitration on t...
Papua New Guinea flag
Dec 14 2017
World-first mining case launched in PNG
Citizens of Papua New Guinea have launched landmark legal proceedings against the country’s govern...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...