South Korean steelmaker acquires equity interest in WA mine
By Naomi Neilson|26 May 2021
Global firm DLA Piper has advised a competitive steelmaker headquartered in South Korea on acquiring a 30 per cent equity interest in a Western Australian nickel mine.
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Deal: DLA Piper has assisted POSCO on its US$240 million acquisition of a 30 per cent equity interest in the Ravensthorpe Nickel Operation in Western Australia.
Value: US$240 million.
Area: M&A.
Key players: A multidisciplinary, cross-border team was led by partners Andrew Fisken, Alex Jones, Rhys Davies and Daniel Lee, who were supported by partner Alex Regan, special counsel Joanne Steer, senior associate Matthew Roberts, senior foreign legal associate Bradley Heath and Katalin Legradi.