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Desai & Diwanji, Lathams advise on $90m Sesa Goa buyout with Israeli, Liberian firms

Mining clients remain worth mining for instructions
Mining clients remain worth mining for instructions
Exclusive: Desai & Diwanji and Latham & Watkins have advised Vedanta group-owned iron ore producer and exporter Sesa Goa on its $90m (Rs 400 crore) buyout of Liberian company Western Cluster’s of majority stakes from mining major Elenilto Minerals & Mining.

Desai & Diwanji’s team consisted of Delhi partner Amit Khansaheb, associate partner Madhavan Srivatsan, senior associate Arjya Majumdar and junior associate Asmita Chaturvedi led for Sesa Goa on the Indian law-related aspects of the deal.

Latham & Watkins’s London-based partner Rory Negus and associate Ariel White advised on the English law aspects of the transaction.

The seller Elenilto Minerals & Mining LLC was represented by three Israeli law firms Cassouto-Noff & Co, Chet Sarid Sapir-Chen Lavron and Michael Shine, Tamir & Co with their respective partners Guy Noff, Gal Chet, Shira Shine Fried and Liberian law firm Tweh & Associates with associate Dickson N Doe.

Elenilto Minerals & Mining operates iron ore, gold, copper and other minerals exploration and mining activities in Africa and Europe and has sold 51 per cent stake in Western Cluster to Sesa Goa, reported Moneycontrol on Saturday (6 August).

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