Centamin Acquisition by Anglogold Ashanti Finalized with Shalakany's Counsel
Deal News | Nov 27, 2024 | Legal Community MENA
In a significant movement within the global gold mining industry, AngloGold Ashanti has successfully completed its acquisition of Centamin, an established gold producer renowned for its premium asset, the Sukari gold mine in Egypt. AngloGold Ashanti, a globally active company with mining operations in nine countries, engaged Shalakany as local counsel, collaborating with Slaughter and May as lead counsel. The transaction was closed on November 22, 2024, marking an expansion of AngloGold Ashanti's already diverse global portfolio. The Sukari mine is notably Egypt's first modern gold mine and stands as one of the largest producing mines worldwide. The legal team at Shalakany, led by senior partner Omar Sherif, provided critical local legal expertise and insights pivotal to the acquisition's successful completion.
Sectors
- Gold Mining
- Legal Advisory
Geography
- Egypt – The location of Centamin's flagship asset, the Sukari gold mine, which is central to the acquisition.
- United States – AngloGold Ashanti is headquartered in Denver, Colorado, and holds a primary listing on the New York Stock Exchange.
- Global – AngloGold Ashanti operates across four continents, impacting multiple countries worldwide.
Industry
- Gold Mining – The article's primary focus is on the acquisition of Centamin, an established gold producer, by AngloGold Ashanti, a global gold mining company. This transaction affects the gold mining industry significantly.
- Legal Advisory – This sector is relevant due to Shalakany's role as local counsel and Slaughter and May's involvement as lead counsel, highlighting the importance of legal expertise in international M&A transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AngloGold Ashanti | Acquirer | Company | A global gold mining company with diversified operations across nine countries. |
| Centamin | Target Company | Company | An established gold producer with a key asset, the Sukari gold mine, in Egypt. |
| Shalakany | Local Legal Counsel | Company | Provided local counsel for AngloGold Ashanti in the acquisition of Centamin. |
| Slaughter and May | Lead Legal Counsel | Company | Acted as the lead counsel for AngloGold Ashanti in the acquisition. |
| Omar Sherif | Senior Partner, Legal Advisor | Person | Led Shalakany's team in advising AngloGold Ashanti. |