Allen & Overy has advised VTB Capital plc on the financing for Sacturino Limited’s cash offer (along with the existing majority shareholder) for shares in Polyus Gold International Limited, a publically listed company on the London Stock Exchange and Russia’s largest gold producer. This USD9bn deal is one of the most significant public-to-private bids in the Russian gold mining sector and contributes to the growing trend of companies that have been taken private in recent months.

The A&O team was led by Banking partner, Sanjeev Dhuna with support from senior associates Joydeep Choudhuri and Amanda Dent and associates Hannah Gates and Fiona Yeung. Corporate advice was provided by partner, Richard Hough and associates Sarah Thomas and Alex Tilley. Tax advice was provided by partner, Chris Harrison and senior associate Ben Brown.