find the latest legal job
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Insurance Lawyer (1 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Great Career Opportunity ·
View details
Insurance and Health Lawyer (1-4 PAE)
Category: Insurance and Superannuation Law | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· New position to support Growth ·
View details
Firms strike gold in PanAust takeover

Firms strike gold in PanAust takeover


A Laos-based copper and gold producer, PanAust, has been advised by global firms on its takeover by an investment group.

Firms: Herbert Smith Freehills (PanAust); King & Wood Mallesons (GRAM)

Deal: PanAust on its takeover by Guangdong Rising Assets Management (GRAM).

Value: A$1.2 billion

Area: M&A

Key players: The deal is being led by Herbert Smith Freehills partner Tony Damian (pictured) and supported by senior associate Alexandra Eggerking and solicitors Amelia Morgan and Nataly Sikorski. The team is working closely with Paul Scarr, company secretary & general counsel of PanAust, and George Piggott, principal legal advisor & joint company secretary of PanAust.

Deal significance:

Following the announcement of the off-market takeover bid for PanAust at A$1.71 cash per share on 30 March, PanAust entered into a bid implementation agreement with GRAM under which GRAM agreed to increase the offer price for PanAust to A$1.85 cash per share.

“We are delighted to be advising PanAust on this important transaction,” Mr Damian said. “This high-profile deal demonstrates the increasing M&A activity occurring in the resources sector.”

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

Firms strike gold in PanAust takeover
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Please, Continue (Hamlet), Melbourne Festival
Oct 16 2017
Hamlet suffers slings and arrows of top Victorian barristers
Victorian judges and barristers have performed the unique play Please, Continue (Hamlet) at the Melb...
Julian Assange
Oct 13 2017
When justice fails, according to Assange
WikiLeaks founder Julian Assange has dismissed the capacity of judicial systems to deal with complex...
Aussie anti-terrorism laws, detention of 10-year-olds
Oct 13 2017
Treatment of kids under Aussie anti-terrorism laws an over-reach: ABA
The Australian Bar Association has urged the government to reconsider proposed reforms to Australian...
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'...
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...
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 & ...