Global law firm White & Case LLP has advised MMG Limited on its entry into a definitive agreement to acquire Anglo American’s nickel business in Brazil for cash consideration of up to US$500 million.
"This is MMG's first investment in Brazil and a significant expansion of its base metal commodity exposure in nickel,” said White & Case partner John Tivey, who led the Firm's deal team.
The target business is one of largest and lowest cost ferronickel producers in the world, and includes the Barro Alto and Codemin ferronickel mines, two high quality greenfield growth projects, being Jacaré and Morro Sem Boné, and Anglo American's Nickel Sales Function.
"This transaction highlights White & Case's global reach, with teams from Australia, Brazil, London, Hong Kong, Singapore and Brussels working together to advise and partner with MMG on this complex but transformative transaction," said White & Case partner Stephen Carlton, part of the Firm's deal team.
The transaction was highly competitive and is part of a large scale restructuring by Anglo American to simplify its portfolio and focus on its high value copper, premium iron ore and crop nutrients business.
The White & Case team which advised on the transaction was led by partner John Tivey and included partners Stephen Carlton, Aldrin De Zilva (all Melbourne), Stefanie Benson, Joanne Emerson-Taqi (both Sydney), Fernando de la Hoz (Miami), James Killick (Brussels, London), Helen Joseph, Will Smith (both London), Tzi Yang Seow (Hong Kong, Singapore), Jessica Leung (Singapore) and Ryan Tou (Hong Kong), counsel Cameron Rider (Melbourne) and associates Girish Rao, Shafinas Djuanda, Joshua Gouw, Edwina Cheung, Justine Pavlidis, Mili Simonovich, Stephannie Yi, Elloise Campbell (all Melbourne), Fabiana Fadel (Sao Paulo), Giulio Preti (Brussels), Esme Wong (London), Nicholas Choo, Victor Lim (Singapore) and Hilda Leung (Hong Kong).
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