Legal DealFolio - Freeport-McMoRan acquisition of Kokkola Cobalt Refinery, Finland

Davis Polk is advising Freeport-McMoRan Copper & Gold Inc. in connection with the acquisition from OM Group, Inc. of a large scale cobalt refinery in Kokkola, Finland through a newly formed joint venture to be held by Freeport-McMoRan Copper & Gold, Lundin Mining Corporation and La Generale des Carrieres et des Mines for total consideration of up to USD435 million. The sale is subject to customary closing conditions and regulatory approvals and is expected to close in the second quarter of 2013. The Davis Polk corporate team includes partner Paul R. Kingsley and associates Alexander N. Macleod and Ashley M. Bryant. Partner Kathleen L. Ferrell and associate Ankur Dalal are providing tax advice. Counsel Hayden S. Baker and associate Catharine Thorpe are providing environmental advice. Partner Edmond T. Fitzgerald is providing benefits advice. Associate Randy Samson is providing intellectual property advice. Counsel Stephen M. Pepper is providing antitrust and competition advice. All members of the Davis Polk team are based in the New York office.

Deal Date:	22-01-2013	Practice Area:	Project Finance and Infrastructure
Deal Title:	Freeport-McMoRan acquisition of Kokkola Cobalt Refinery, Finland	Industry:	Mining
Description:	Davis Polk is advising Freeport-McMoRan Copper & Gold Inc. in connection with the acquisition from OM Group, Inc. of a large scale cobalt refinery in Kokkola, Finland through a newly formed joint venture to be held by Freeport-McMoRan Copper & Gold, Lundin Mining Corporation and La Generale des Carrieres et des Mines for total consideration of up to USD435 million. The sale is subject to customary closing conditions and regulatory approvals and is expected to close in the second quarter of 2013. The Davis Polk corporate team includes partner Paul R. Kingsley and associates Alexander N. Macleod and Ashley M. Bryant. Partner Kathleen L. Ferrell and associate Ankur Dalal are providing tax advice. Counsel Hayden S. Baker and associate Catharine Thorpe are providing environmental advice. Partner Edmond T. Fitzgerald is providing benefits advice. Associate Randy Samson is providing intellectual property advice. Counsel Stephen M. Pepper is providing antitrust and competition advice. All members of the Davis Polk team are based in the New York office.
Financial Center:	New York	Value:	100.01-500.00
Advised Party:	Purchaser	Law Firm	Davis Polk
Assets Jurisdiction	Finland	Purchaser Jurisdiction	United States
Classification:	Transfer of Infrastructure Assets Mining Assets	Lawyer	Paul R Kingsley

Practice Areas -

Project Finance and Infrastructure Law Firms and Lawyers

Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers