find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Exxaro grabs African Iron assets

Exxaro grabs African Iron assets

Gilbert + Tobin and Freehills have advised on a cash takeover bid for African Iron by Exxaro Resources.

Firms: Gilbert + Tobin (Exxaro Resources Limited), Freehills (African Iron)

Deal: Cash takeover bid for ASX-listed iron ore exploration and development company African Iron Limited

Area: Corporate

Value: $338 million

Key players: Corporate advisory partners Neil Pathak and Julie Athanasoff (pictured) led the G + T team, assisted by energy and resources partners Michael Blakiston and Claire Boyd, and lawyers Ailyn Choo, Nirangjan Nagarajah and Callista Barrett

Deal significance: This deal gives Exxaro, a South African-based mining company listed on the Johannesburg Stock Exchange, the opportunity to realise its stated ambitions of developing a significant iron ore asset and to add significant value to the project. African Iron’s key asset is its 92 per cent interest in the Mayoko iron ore project in the Republic of Congo. The bid was successful in a very short time, with the bid being announced on 11 January 2012 and achieving more than 90 per cent acceptances on 27 February. The takeover bid involved a two-tier offer price structure which increased from $0.51 per share to $0.57 per share upon Exxaro obtaining an interest of 75 per cent in African Iron.

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

Exxaro grabs African Iron assets
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA applauds proposed Modern Slavery Act
The Law Council of Australia has welcomed new recommendations for the development of a Modern Slaver...
Top-tier offers targeted mentoring for Indigenous law students
Students at Macquarie University will be the first to benefit from a new Indigenous mentoring progra...
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
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 & ...