Shearman & Sterling Advises on Minera Frisco’s $1.1 Billion Acquisition of AuRicoGold

Monday, December 17, 2012

Shearman & Sterling advised Minera Frisco, S.A.B. de C.V. (“Minera Frisco”) in connection with a $1.1 billion financing related to its acquisition of AuRicoGold de México, S.A. de C.V. Minera Frisco is majority owned by Carlos Slim, the world’s richest person according to the Bloomberg Billionaires Index. Minera Frisco, which was spun off from Slim’s holding company Grupo Carso S.A.B. at the beginning of 2011, is his biggest holding behind wireless carrier America Movil S.A.B. and financial-services company Grupo Financiero Inbursa S.A.B.

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Tags:  Shearman & Sterling LLP | New York

Shearman & Sterling Advises on InterGen Power Project Financings in Mexico

Monday, December 17, 2012

Shearman & Sterling advised The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch (BTMU) in connection with the financing of InterGen’s 205 MW natural gas-fired San Luis de la Paz project in Guanajuato, Mexico. Concurrently, the firm also advised BTMU in connection with the financing of the InterGen’s Altamira Compression Station in Tamaulipas, Mexico.

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Tags:  Shearman & Sterling LLP | New York

Davis Polk Advises The People’s Insurance Company (Group) Of China Limited On Its $3.1 Billion Initial Public Offering

Friday, December 14, 2012

Davis Polk advised The People’s Insurance Company (Group) of China Limited (PICC) in connection with its approximately HK$24 billion ($3.1 billion) initial public offering and listing on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S. The IPO, with total proceeds of nearly $3.6 billion if the over-allotment option is fully exercised, is the largest initial public offering in Hong Kong and the largest initial public offering of a PRC company during the past two years.

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Tags:  Davis Polk & Wardwell | Hong Kong

WFW Asia Practice Advises Precious Shipping Public Company Limited on the Planned Construction of Two Bulkers

Friday, December 14, 2012

The Singapore office of Watson, Farley & Williams LLP (“WFW”), a leading international law firm, is pleased to announce that it has advised Thailand’s Precious Shipping Public Company Limited in connection with the order by two special purpose joint venture companies (the “Companies”) of two 20,000 dwt cement-carrying bulker carriers at China Shipbuilding & Offshore International and Shanhaiguan New Shipbuilding Industry

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Tags:  Watson, Farley & Williams LLP | Singapore

Paul Hastings Represents PICI in Creation of World’s Largest Shark Sanctuary

Friday, December 14, 2012

Paul Hastings LLP, a leading global law firm, announced today that it has advised the Pacific Islands Conservation Initiative (PICI) in a pro-bono effort to establish regulations that create a shark sanctuary in the Cook Islands. The regulations prohibit certain commercial fishing activities within the Cook Island’s exclusive economic zone (EEZ)—an area of ocean approximately 1.9 million square kilometers (756,000 square miles) in size—that threaten sharks, and ban the possession, sale, and trade of shark and shark products. This newly established protected area neighbors the shark sanctuary recently announced by Tahiti Nui (French Polynesia), and will connect with the EEZs of American Samoa and Tokelau to create the largest contiguous shark conservation area in the world—an area over 6.7 million square kilometers (2.6 million square miles) in size.

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Tags:  Paul Hastings LLP | San Francisco