Ashurst Brussels advised the OZD group on its acquisition of Centerra Netherlands BVBA, a Belgian holding company holding gold mine assets in Mongolia

Ashurst Brussels acted as legal adviser to the OZD group (OZD), a Singapore-based company focusing on mining and metal assets in emerging markets.

In mid-October 2018, OZD acquired from Centerra Gold Inc. (Centerra), a Canada-based listed gold mining company, its Mongolian business unit comprising the Boroo Gold Mine and the Gatsuurt Gold Project. OZD purchased all of the outstanding shares and debt of a Belgian entity which is the 100% shareholder of two Mongolian subsidiaries: Boroo Gold LLC and Centerra Gold Mongolia LLC, which in turn hold said gold mining assets.

The Ashurst team was led by Brussels-based corporate partner David Du Pont, who was supported by associate Jörg Heirman.

For more information on the transaction, see "Centerra Gold Announces Sale of Mongolian Business Unit" on globenewswire.com.