Corporate Advisory Partner Andrew Bullock and Finance Partner Nick Grambas led the cross-functional transaction team, which included senior lawyer Hiroshi Narushima.

Kulczyk Oil Ventures Inc will be the Technical Partner to Neconde Limited and is being bridge-financed into the transaction by its majority shareholder and consortium member, Kulczyk Investments S.A..

Gilbert + Tobin advised on all aspects of the transaction including the acquisition documents, the acquisition financing package for Neconde Limited, the bridge-financing and associated trust and put & call holding structure, the preparation of project documents and the consortium joint venture arrangements.

Andrew Bullock pointed to Gilbert + Tobin’s track record of working on corporate clients’ key strategic M&A transactions, stating “we were delighted to be chosen by Kulczyk to advise on such a transformative, complex, cross-border transaction. It’s not every day you act for a Canadian company listed in Poland looking to acquire significant oil assets in Nigeria.”

This transaction follows on from Gilbert + Tobin’s role acting for Royal Dutch Shell on the partial sale of its stake in Woodside Petroleum for $3.3 billion. Gilbert + Tobin is also acting for Kulczyk Oil Ventures Inc’s Ukraine subsidiary, Kub-Gas LLC, on a proposed US$40 million project financing facility from the European Bank for Reconstruction and Development.