Debevoise Advises Sacturino in its Bid for Polyus Gold

1 October 2015

Debevoise & Plimpton LLP is advising Sacturino in the financing arrangements of its offer for the share capital of Polyus Gold that it or its immediate parent, Wandle Holdings Limited, does not already own or have an interest in.

The offer of $2.97 per share values Polyus Gold at approximately $9.0 billion, and represents a premium of approximately 2% to the closing price per Polyus Gold share on 2 September, 2015.

Sacturino, together with its immediate parent Wandle Holdings, already holds or is interested in 40.22% of the existing issued share capital of Polyus Gold.

Debevoise is advising Sacturino on the financing arrangements of the offer, which include a $5.49 billion facility arranged by JSC VTB Bank, with lawyers drawn from the firm’s London and Moscow offices. Partner Pierre Maugϋé is leading the London-based team, which includes international counsel Nathan Parker and associate Tom Smith. Nik Kutnaks is leading the Moscow-based team.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.