Multiple firms on Anglo’s sale of nickel business in Brazil to MMG
Lefosse and Pinheiro Neto acted as Brazilian legal advisors on the acquisition of Anglo American‘s nickel business in Brazil by MMG Limited, for a total cash consideration of up to US$ 500 million.
The deal involves two of Anglo American’s operating nickel plants in the state of Goiás, as well as two projects currently in the development phase (mineral exploration) in the states of Mato Grosso and Pará.
The Transaction is consistent with MMG Limited’s growth strategy to expand its earnings, geographic presence and exposure to base metal commodities, marking its expansion in Latin America, MMG Limited’s first investment in Brazil and the addition of nickel to MMG Limited’s portfolio. The closing of the transaction is subject to customary closing conditions.
White & Case acted as lead legal advisor and coordinator of the transaction and included partners John Tivey, Stephen Carlton and Aldrin De Zilva; associates Girish Rao, Shafinas Djuanda and Joshua Gouw.
Lefosse acted alongside White & Case (lead counsel) in advising MMG Limited in the due diligence exercise and in the drafting of the transaction documents. The team included partner Christiano Rehder (pictured left), counsel Beatriz Ghosn, senior associate Luana Torres, associate Lucas Queiroz, associate Raquel Dotta and assistant Luiza Mendonça, partner Jayme Freitas, associates Luiz Loureiro, Betina Alcantara, Hector Correa and Leticia Aguiar.
MMG Limited in-house lawyers Nicholas Myers and Allison Purdey.
Pinheiro Neto Advogados advised Anglo American Níquel Brasil and relied on partner Roberta Stettinger Bilotti Demange (pictured right) senior associate Renato Grecco and associate Oliver Serrano Wiegerinck.
Herbert Smith Freehills also advised the sellers and relied on partners Greg Mulley, Laura Hulett, senior associates Anna Le Poidevin, Katerina Jovanovska and Marcelo Valença.
