Shalakany Advised AngloGold Ashanti On $1.3 Billion Acquisition Of Centamin
Shalakany advised AngloGold Ashanti in its landmark $1.3 billion acquisition of Centamin plc, including the renowned Sukari Gold Mine, highlighting Egypt's growing appeal for foreign direct investment and marking a significant milestone in the global mining sector.
Shalakany Advised AngloGold Ashanti on $1.3 Billion Acquisition of Centamin
Shalakany, acting as Local Counsel alongside Lead Counsel Slaughter and May, advised AngloGold Ashanti plc in its landmark acquisition of Centamin plc. The transaction, which closed on November 22, 2024, marks a significant development in the global mining sector and underscores Egypt’s growing appeal as a destination for foreign direct investment.
Centamin plc, a well-established gold producer, is renowned for its flagship Tier 1 asset, the Sukari Gold Mine. Located in Egypt, Sukari is not only the country’s largest and first modern gold mine but also ranks among the world’s largest producing mines.
Omar Sherif, Senior Partner at Shalakany, led the firm's team on this transaction. Commenting on the deal, he stated: "Seeing through this transaction is a testament to Egypt's commitment to welcoming foreign direct investment. We are very happy to have successfully advised our client through the challenging landscape of the mining sector. We are looking forward to the continued success of the mine following the acquisition, and we are confident that it will achieve even greater performance moving forward.”
The Shalakany team was led by Senior Partner Omar Sherif and included Mid-level Associate Omneya Abouhabaga, Junior Associates Passant Ashraf, Youssef Ihab, and Alexandra Arida. AngloGold Ashanti, a leading global gold mining company headquartered in Denver, Colorado, operates a diverse portfolio across nine countries and four continents. It is primarily listed on the New York Stock Exchange, with secondary listings on the Johannesburg Stock Exchange, A2X, and the Ghana Stock Exchange.