Monthly Archives: March 2012

Proskauer Expands Litigation Practice, Private Investment Funds Capabilities with Addition of Partner Timothy Mungovan in Boston

Thursday, March 1, 2012
Proskauer announced that Timothy W. Mungovan has joined the firm as a Partner in the Boston office. Mr. Mungovan was the founder and leader of the Private Fund Disputes team and was formerly the Practice Group Leader of the Commercial Litigation and Financial Services and Securities Litigation Practice Groups at Nixon Peabody.

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Tags:  Proskauer Rose, LLP

Baker & McKenzie Client Fresenius Medical Care Completes Liberty Dialysis Acquisition

Thursday, March 1, 2012
Baker & McKenzie client Fresenius Medical Care AG & Co. KGaA, the world’s largest provider of dialysis products and services, today announced that Fresenius Medical Care North America has closed the acquisition of Liberty Dialysis Holdings, Inc., the holding company of Liberty Dialysis and Renal Advantage.  The closing follows the completion of the review of the transaction and issuance of a consent decree by the United States Federal Trade Commission.  In connection with the consent decree, Fresenius Medical Care intends to divest its interests in 62 dialysis clinics.  The acquisition of Liberty Dialysis Holdings Inc. is expected to add annual revenues of around $700 million and 201 clinics to Fresenius Medical Care’s network for an investment, net of proceeds from the divestiture, of approximately $1.5 billion.

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Tags:  Baker & McKenzie LLP | New York

Hogan Lovells Advises Russian Mining Company on the Sale of a 50% Stake in Yaroslavskaya Gornorudnaya Kompaniya

Thursday, March 1, 2012
Hogan Lovells advised  RGRK (Russian Mining Company) on the sale of a 50% stake in a limited liability company “Yaroslavskaya Gornorudnaya Kompaniya”, the sole producer and supplier of fluorspar concentrate in Russia, to the Hong Kong listed aluminium and alumina giant UC RUSAL.  As a result of the deal, UC RUSAL will strengthen its own resource base as it looks to be self-sufficient in raw materials.  The deal, which signed in January 2012, will complete in the week of 13 February.

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Tags:  Hogan Lovells | Moscow

Davis Polk – The Korea Development Bank Notes Offering

Thursday, March 1, 2012
Davis Polk advised BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank AG, Singapore Branch, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities LLC, KDB Asia Limited and The Royal Bank of Scotland plc as underwriters in connection with a Schedule B debt offering by The Korea Development Bank of $750 million in aggregate principal amount of its 3.5% notes due 2017.

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Tags:  Davis Polk & Wardwell | Tokyo

DLA Piper Advise Banco Santander S.A. merger with KBC Bank NV in Poland

Thursday, March 1, 2012
DLA Piper Poland has been acting as the legal adviser to Banco Santander S.A. (“Santander”), which announced today that it has entered into an investment agreement with KBC Bank NV to combine their Polish banking subsidiaries, Bank Zachodni WBK S.A. (“Bank Zachodni WBK”) and Kredyt Bank S.A. (“Kredyt Bank”).

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Tags:  DLA Piper