White & Case advises MMG on acquisition of Anglo’s nickel business
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.
Via White & Case