Gilbert + Tobin is advising the Zhongrun Group on its acquisition of a 42 per cent stake in the share capital of Noble Mineral Resources for the value of A$85 million.
As part of the transaction, the Zhongrun Group will be granted options in Noble which, if exercised, would see the Zhongrun Group invest a further A$55.4 million in Noble and would result in the group owning 51.6 per cent of Noble’s share capital.
The Zhongrun Group, a major non-government Chinese mining and investment group will become Noble’s largest shareholder on completion of the transaction.
Corporate Advisory partner Marcello Cardaci is leading the team and is assisted by lawyer Eugene Tse.
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