Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
19 September 2024
Deals | Poland | M&A
Our international office Gide Warsaw advised KGHM International Ltd. on the sale of mining assets located in the Sudbury Basin in central Ontario, Canada, to the Canadian mining company Magna Mining. The transaction includes the sale of the active McCreedy West mine and three other currently inactive mines: Levack, Podolsky and Kirkwood, along with a number of exploration projects: Falconbridge Footwall, Northwest Foy, North Range, and Rand. The total value of the transaction will be around 30 million Canadian dollars. The transaction, which is subject to meeting certain conditions precedent, is expected to be closed by the end of the first quarter of 2025.
Gide's team, consisting of Partner Dariusz Tokarczuk, Counsel Wojciech Czyżewski and senior associate Edyta Zalewska, was responsible for providing comprehensive support to the client during the transaction, including the preparation and negotiation of transaction documents.
The client was supported in terms of Canadian regulations by the law firm McCarthy Tetrault.
KGHM International Ltd. is a Canadian subsidiary of KGHM Polska Miedź S.A., engaged in the extraction of copper, nickel, platinum, palladium, gold, cobalt and molybdenum.
Magna Mining is a Canadian exploration and mining company focusing its extraction projects on nickel, copper and platinum group metals (PGM) in the Sudbury region of Ontario, Canada.
