IFLR1000

Sacturino $9 billion acquisition of Polyus Gold

1/10/2015
Acquisition finance, Public acquisition
Select tab

$ 9 billion

Announced

1/10/2015

Overview:

  • Sacturino has made a $9 billion offer for the remaining shares in Polyus Gold International that it does not already own.
  • Sacturino already owns 40.2% of the company through parent company Wandle Holdings.
  • Polyus Gold is a Jersey company listed on the LSE. It is the largest gold producer in Russia and produced 1.696 million ounces in 2014. The company owns 65.8 million ounces of potential reserves.
  • VTB Capital is acting as lender on the deal.

Sam Duke - Editor

Jurisdictions:

United Kingdom
Russia
Channel Islands: Jersey

Deal types:

Acquisition finance
Public acquisition

Practice area:

M&A

Industry sectors:

Mining
Natural resources

Firms:
A&O Shearman

Party: VTB Capital (Lender)

Lawyer: Richard Hough

Bedell Cristin

Party: Sacturino (Acquirer)

Lawyers: Alasdair Hunter, Tim Pearce

Debevoise & Plimpton

Party: Sacturino (Borrower)

Lawyers: Pierre Maugüé, Thomas Smith

Herbert Smith Freehills

Party: Polyus Gold International (Target)

Lawyers: Greg Mulley, Mike Flockhart, Stephen Wilkinson

Macfarlanes

Party: VTB Capital (Financial adviser)

Norton Rose Fulbright

Party: Sacturino (Acquirer)

Lawyers: Chris Pearson, Paul Whitelock

Ogier

Party: VTB Capital (Lender)

Related deals