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Deal Date: 04-03-2016 Practice Area: Project Finance and Infrastructure
Deal Title: Freeport-McMoRan Sale of the Timok Project, Serbia Industry: Mining
Description:
Davis Polk advised Freeport-McMoRan Inc. in connection with the EUR262.5 million sale, payable in stages upon the achievement of key development milestones, of a portion of its stake in the Timok project located in Serbia to Lundin Mining Corporation. The Timok project was held 55% by Freeport-McMoRan and 45% by Reservoir Minerals Inc.
Financial Center: New York Value: 100.01-500.00
Advised Party: Seller Law Firm
Assets Jurisdiction Serbia Purchaser Jurisdiction Canada
Classification: Transfer of Infrastructure Assets Mining Assets
Lawyer Marc O Williams