The team at Gide Warsaw advised KGHM Polska Miedź S.A. on the sale of a 45% stake in the Sierra Gorda joint venture by the other shareholder, the Japanese corporation Sumitomo, to the Australian mining group South32. The work specifically involved the scope of the client’s overall rights under the joint venture structure and industrial projects implemented by the joint venture.
Sierra Gorda S.C.M. owns one of the world’s largest copper and molybdenum mines.
Gide Warsaw’s lawyers have been assisting the client with this project since 2020. The work was co-ordinated by Dariusz Tokarczuk, attorney-at-law and partner, and the transaction team included other associates from the M&A practice: Edyta Zalewska, attorney-at-law, and Wojciech Czyżewski, advocate.
The client was advised on merger control issues by Dawid Van Kędzierski, PhD, attorney-at-law and associate in the capital markets practice, and Szymon Chwaliński, attorney-at-law and associate.
In terms of securing the interests of KGHM Polska Miedź S.A. in relation to the change of partner in the JV, the client was also supported by lawyers from Gide’s infrastructure projects team – Piotr Sadownik, advocate and partner, and Krzysztof Ciepliński, advocate and counsel.