02 May 2012 | 09:44 am |
International law firm Pinsent Masons advised China SFECO Group (a unit of Shanghai Construction Group) on the US$80million acquisition of a 60% stake in Zara Mining Share Company, an African joint venture company of listed Australian gold explorer, Chalice Gold Mines Ltd.
Eritrea-based Chalice Gold is an East African-focused company which has been developing high grade Koka Gold Deposit as part of the Zara Project. China SFECO Group specializes in industrial engineering and has been listed in the World Top 225 contractors by ENR (Engineering News Record) for the past 15 years.
The Pinsent Masons team was led by head of corporate in the Pinsent Masons’ Shanghai office Jonathan Reardon and construction partner Helen Chang, assisted by corporate senior associate Stephen Ye. Chalice Gold was advised by Middletons.
Head of corporate in China, Jonathan Reardon commented: "It was exciting to advise China SFECO Group on its first strategic investment in the African gold mining sector. With their project expertise and professional approach, we are sure this will be a very successful project for China SFECO Group."
Gene Zheng , Vice President, of China SFECO Group said:"We received invaluable advice from the Pinsent Masons team and our other advisers in relation to the Zara acquisition."
Multinational law firm Pinsent Masons MPillay has advised Southeast Asian energy company Coro Energy plc on the sale of Coro Europe Limited to Zodiac Energy plc.
Multinational law firm Pinsent Masons has advised Desay SV Automotive Europe GmbH, a fully owned subsidiary of Huizhou Desay SV Automotive Co, Ltd, on the sale of its spare parts business to ATTB Antennentechnik Bad Blankenburg GmbH.
Multinational law firm Pinsent Masons advised DCC Energy, a division of the leading international sales, marketing, and support services group DCC plc on the acquisition of Progas Group, a leading distributor of LPG in Germany.
Multinational law firm Pinsent Masons MPillay has advised Southeast Asian energy company Coro Energy plc on the sale of Coro Europe Limited to Zodiac Energy plc.
Multinational law firm Pinsent Masons has advised Desay SV Automotive Europe GmbH, a fully owned subsidiary of Huizhou Desay SV Automotive Co, Ltd, on the sale of its spare parts business to ATTB Antennentechnik Bad Blankenburg GmbH.
Multinational law firm Pinsent Masons advised DCC Energy, a division of the leading international sales, marketing, and support services group DCC plc on the acquisition of Progas Group, a leading distributor of LPG in Germany.
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