Global legal practice Norton Rose Fulbright is advising Sacturino Limited on its $9 billion cash offer for Polyus Gold International. Sacturino is a wholly-owned subsidiary of Wandle Holdings Limited, which already owns or is interested in 40.2 per cent of Polyus Gold.
Polyus Gold is the largest gold producer in Russia and one of the top 10 gold miners globally by ounces produced, with 1.696 million ounces of gold output in 2014. Polyus Gold holds one of the largest gold reserves in the world, with 65.8 million ounces of proven and probable gold reserves, according to JORC standards, as at 31 December 2014.
The Norton Rose Fulbright team in London is being led by partners Chris Pearson and Paul Whitelock supported by corporate partner Simon FT Cox and corporate associates Ed Gardner, Christopher McCarthy, Nicolas Sirtoli, Rickard Lillestierna and Ksenia Bourne. The team also includes banking partner Rich Hughes and senior associate Neha Khosla. A team from Moscow is being led by partners Julian Traill and Alexander Tsakoev. A team from Debevoise & Plimpton LLP is advising Sacturino on the financing of the offer.
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