find the latest legal job
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Adelaide CBD · Join a leading Adelaide commercial law firm
View details
Freelance Project Finance Lawyers
Category: Other | Location: All Australia
· Vario are looking for freelance lawyers with experience in project finance ideally within the renewable energy sector
View details
Vario Freelance Lawyers
Category: Construction Law | Location: All Australia
· We are looking for lawyers who appreciate the endless possibilities that a freelance career can offer.
View details
Freelance Construction Lawyers
Category: Construction Law | Location: All Melbourne VIC
· We are looking for construction lawyers who appreciate the endless possibilities that a freelance career can offer.
View details
Banking Associate - 1-6PQE - Allen & Overy
Category: Banking and Finance Law | Location: United Kingdom
· Banking Associate - 1-6 PQE - Allen & Overy
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:

Book commemorates diamond milestone for WA law society

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

NSW proposes big justice reforms to target risk of reoffending

Exxaro grabs African Iron assets
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Jan 23 2018
Disrupting traditional archiving and storage methods
Promoted by Fileman TRENDS COME and go but technology and its disruption to the legal landscape h...
Scales of Justice
Jan 23 2018
WA to close ‘legal loophole’ on gender reassignment laws
Laws in Western Australia will soon change to permit married people to undergo gender reassignment s...
Lawyers take to Twitter to share career stories
Jan 22 2018
Lawyers take to Twitter to share career stories
The #mypathtolaw hashtag has been embraced by legal eagles to swap stories with the Twitter communit...
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 & ...