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Freehills and Allens act on mega gold deal

Freehills and Allens act on mega gold deal

Freehills and Allens Arthur Robinson have advised on Eldorado Gold Corporation's acquisition of Sino Gold Mining, by way of scheme of arrangement, which was approved by the Federal Court last…

Freehills and Allens Arthur Robinson have advised on Eldorado Gold Corporation's acquisition of Sino Gold Mining, by way of scheme of arrangement, which was approved by the Federal Court last week.

The $2.4 billion acquisition is the largest Australian scrip deal in 2009, creating a combined group with market capitalisation of $8 billion.

The combined group - which will be a leading international coal producer and the largest international gold producer in China - will be listed on the NYSE, the TSX and the ASX and will rank as the largest ASX listing of the year.

The Freehills team advising Eldorado was led by partner Tony Damian, supported by senior associate Andrew Rich, solicitors Stacia Super, Kate Logan, Clayton James and Ben Jones, as well as a team of lawyers from Freehills' corporate and employment law teams.

Also involved in the deal were Fasken Martineau Du Moulin acting as Canadian legal adviser and Macquarie Capital Advisers as financial advisers.

Allens' team advising Sino Gold Mining was headed up by partners Guy Alexander and Marcus Clarke.

The deal has already gained a high profile, recently being named for 'Deal of the Year' and the Mining Journal Outstanding Achievement Awards 2009 held recently in London.

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