On June 5, 2017, Japan’s Sumitomo Metal Mining Co. Ltd (“Sumitomo”) and Toronto-based IAMGOLD Corporation (“IAMGOLD”) announced their agreement to form a joint venture, whereby Sumitomo will acquire a 30% undivided participating interest in IAMGOLD's ownership interest in the Côté Gold Project in Ontario for USD $195 million.
DLA Piper has advised German shipping company, Bernhard Schulte Group, on the structuring of a joint venture with Babcock Marine & Technology, part of the Babcock International Group plc. The transaction is subject to applicable merger clearance.
Osborne Clarke has advised Babcock Marine & Technology of the Babcock International Group plc. on the acquisition of 50% of the OKEANOS Joint Venture from Bernhard Schulte Group. The transaction is subject to applicable merger clearance.
DLA Piper advised AP1 in the establishment of the joint venture with Elo Mutual Pension Insurance (Elo) and Trevian Asset Management (Trevian) and its acquisition of approximately € 160 million real estate portfolio.
Elo, AP1 and Trevian have agreed to establish a joint venture company which invests in the Finnish real estate market. The joint venture will focus on commercial real estate, mainly city centre retail and office properties in major cities with good growth prospects primarily outside Helsinki area.
King & Wood Mallesons has advised Plenium Partners Asset Management on its strategic alliance with the financial institution Bankinter for the constitution of Helia, a private equity fund which is aimed at investing in renewable energy assets.
Isabel Rodríguez, Partner and Head of Funds at KWM – Madrid, led the advice to Plenium Partners on this collaboration agreement. Isabel was assisted by Senior Associate Ildefonso Alier.
Paris corporate team advises on high profile media deal.
Latham & Watkins has advised Euronews in connection with the closing of a transaction in which NBC News is making a significant financial investment in Euronews. NBC News is acquiring 25% of the company, with the funding going to support expanded news coverage and programming across Europe.
Euronews is a widely recognized brand in Europe with nearly 500 journalists, reaching 434 million homes across 158 countries, in 12 languages, on television and on digital platforms.
Egorov Puginsky Afanasiev & Partners has advised Danone Russia on its entry into a joint project with Soyuzmultfilm.
According to EPAM, "Danone Russia and Soyuzmultfilm have signed an agreement to produce a series of sequels to the popular animated short film Three from Prostokvashino. The terms of cooperation provide that shooting is to start in 2017. Danone Russia will act as the project originator and will use the project to promote Russia's largest dairy brand, Prostokvashino, on an ongoing basis."
Allen & Overy and Khoshaim & Associates have advised Saudi Aramco in signing a landmark joint venture agreement with Lamprell, Bahri, and Hyundai Heavy Industries for the creation, development and operation of a new world-class maritime yard in Ras Al-Khair, Saudi Arabia.
Davis Polk advised NBC News on its strategic partnership with Euronews, the most-watched international news channel in Europe.
Danone Russia and Soyuzmultfilm have signed an agreement to produce a series of sequels to the popular animated short film Three from Prostokvashino. The terms of cooperation provide that shooting is to start in 2017. Danone Russia will act as the project originator and will use the project to promote Russia's largest dairy brand, Prostokvashino, on an ongoing basis.