Mobile Menu
Press Releases

Conyers Dill & Pearman advises Iluka Resources on GBP215 million takeover of Sierra Rutile

August 2016 Anton Goldstein

Conyers Dill & Pearman is advising Iluka Resources Limited (“Iluka”) on its proposed acquisition of Sierra Rutile Limited (“SRL”), an AIM-listed BVI company with mineral sands mining operations in Sierra Leone. The takeover, which is to be implemented by way of a British Virgin Islands statutory merger, is valued at approximately GBP215 million and is subject to approval by SRL’s shareholders and satisfaction of other customary conditions.

The transaction underscores Conyers’ leading position in advising on takeovers of BVI listed companies, having advised on seven out of the last eight take-privates of BVI companies, including the US$1.35 billion acquisition of UTi Worldwide by DSV earlier this year.

Anton Goldstein of Conyers’ BVI office worked alongside Ashurst in advising Iluka on the transaction.

 


Anton Goldstein
Partner

British Virgin Islands   +1 284 852 1119


Accolades
_

"Few firms can come close to Conyers on one critical metric, and this is the breadth of the client base."
- IFLR1000

Related Jurisdictions

British Virgin Islands


Related International Markets

British Virgin Islands


Media Contact

For media enquiries, please contact media@conyersdill.com

Press Releases

Conyers Dill & Pearman advises Iluka Resources on GBP215 million takeover of Sierra Rutile

05 August 2016 Anton Goldstein

Conyers Dill & Pearman is advising Iluka Resources Limited (“Iluka”) on its proposed acquisition of Sierra Rutile Limited (“SRL”), an AIM-listed BVI company with mineral sands mining operations in Sierra Leone. The takeover, which is to be implemented by way of a British Virgin Islands statutory merger, is valued at approximately GBP215 million and is subject to approval by SRL’s shareholders and satisfaction of other customary conditions.

The transaction underscores Conyers’ leading position in advising on takeovers of BVI listed companies, having advised on seven out of the last eight take-privates of BVI companies, including the US$1.35 billion acquisition of UTi Worldwide by DSV earlier this year.

Anton Goldstein of Conyers’ BVI office worked alongside Ashurst in advising Iluka on the transaction.

 


Anton Goldstein
Partner

British Virgin Islands   +1 284 852 1119


 

JURISDICTION(S)

British Virgin Islands


International Office(s)

British Virgin Islands