Clyde & Co corporate finance partner Gary Thorpe and associates Katie Lamb, Carl Hotton and Lucy Pugh advised Lizarazu Limited (a company associated with the Russian entrepreneur, Mr Mustoev) on the purchase of the stake sold by Onexim Group in Polyus Gold International Limited (PGIL) for $3.6bn (£2.4bn).
The value of the deal with which Lizarzu was involved was approximately $1.77 billion (£1.2billion).
Clyde & Co banking & finance partner Chris Lenton and Susannah Amini advised on the financing and security aspects.
The transaction was the largest UK-related transaction of its type attributed by Thomson Reuters to February 2013. The transaction involved the Takeover Panel and a number of issues relating to the Takeover Code and London Stock Exchange rules and practice.
PGIL is the largest gold producing company in Russia and is quoted on the Official List of the London Stock Exchange.
