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Allion acts on major merger
Perilya's major shareholder has acquired all the remaining shares in the mining company.
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Firms: Allion Legal (Perilya in Australia); AnJie Law Firm (Chinese counsel for Perilya)
Area: M&A
Value: $128.3 million
.Key players: Principal Phil Lucas (pictured) and senior associate Michael Jools
Deal significance: The agreement proposes that Hong Kong-based Zhongjin Lingnan acquire all outstanding shares in Perilya that it does not already own by way of a court-approved Scheme of Arrangement. “This is a major milestone in the history of Perilya and we are delighted to have been involved in this transaction during difficult global times,” said Allion Legal’s Phil Lucas. The investment by Zhongjin Lingnan will allow Perilya to continue to support its Australian and Dominican Republic operations and development projects, and its capital expenditure programs; it will also provide Perilya access to Chinese markets.
