Morais Leitão and Uría advise on $ 1.3B mining deal
Uría Menéndez (representing the buyer) and Morais Leitão (representing the seller) provided legal counsel in the sale of the entire share capital of Somincor – Sociedade Mineira de Neves Corvo, owned by Lundin Mining, to the Swedish company Boliden. Founded in 1980, Somincor operates the Neves-Corvo mine, the largest mine in Portugal. The initial transaction amount, which also includes the sale of the company operating the Swedish Zinkgruvan mine, totals $1.3 billion, with contingent payments that may reach up to $150 million.
The Uría Menéndez team advising on this transaction was led by partner Catarina Tavares Loureiro (M&A, pictured left) and included counsel João Louro e Costa (public), senior associates Jill de Soet Palmeiro (public), Susana Bradford Ferreira (labor), Diana Salvado Nunes (litigation), Verónica Nobre (M&A – real estate), and junior associate Maria de São José (M&A).
The Morais Leitão team involved in the transaction was led by partner Tomás Vaz Pinto (corporate, pictured right) and included associates Miguel Reis de Carvalho, Carolina Barrueca, and Carolina Ramos Dias (corporate), Diana Ettner and João Bernardo Silva (public), Helena Tapp Barroso and Inês Beato (labor), Diogo Mafra and Manuel Bragança dos Santos (real estate), Luís Nascimento Ferreira and Dzhamil Oda (competition), and Maria Gouveia (tax).
The conclusion of the sale is subject to the fulfillment of the usual conditions precedent for transactions of this nature.
