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POSCO advised on US$280m acquisition of Argentinian lithium tenements
Korean-listed steel production company POSCO has been advised on its acquisition of lithium tenements from Australian public mining company Galaxy Resources Limited.
Jerome Doraisamy
Firm: Norton Rose Fulbright (POSCO); Ashurst (Galaxy Resources Limited).
Area: M&A
Value: US$280 million
Key players: The NRF team was jointly led by partners Adam Edelman and John Kim, in Perth and Vancouver respectively. The pair were assisted by partner David Hunter, associate Graeme Austin and lawyer Frances Hewitt.
The firm also worked closely with local counsel in Argentina, it noted.
Deal significance: “We are very proud of the quality of support and assistance we continue to provide POSCO through our global network,” said Mr Edelman.
“This is a strategically significant acquisition for POSCO that will enable it to expand its global lithium credentials.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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