CC cements Aviva ties with Prudential offer mandate
Clifford Chance has strengthened its ties with longstanding client Aviva, scooping the lead role on the insurance company’s £17bn offer for rival Prudential. However, Prudential announced it had rejected the offer from Aviva last week. Clifford Chance corporate partners Adam Signy and David Pudge are leading the team advising Aviva. Slaughter and May corporate partner William Underhill is acting for longstanding client Prudential.
Bumi Resources instructs Holmans on coal mines’ sale
Holman Fenwick & Willan’s (HFW) Singapore and London offices have advised Indonesia’s largest mining company Bumi Resources on its $3.2bn (£1.83bn) sale of two coal mines to an international investment consortium. Partner Alistair Duffield led Holmans’ Singapore team, while Nick Hutton acted on the deal’s UK aspects. Norton Rose Singapore partner Chris Moore represented the consortium, led by PT Borneo Lumbung Energi, an affiliate of Indonesian investment bank Renaissance Capital. Allen & Overy partner Kenneth Aboud acted for financial adviser Credit Suisse.
Mishons lands Noida’s AIM depositary receipt issue
A recent business development trip to India has borne fruit for Mishcon de Reya, led by corporate partner Ross Bryson, after the firm won work advising Noida Toll Bridge on the first global depositary receipt issue on AIM by an Indian public company. The listing, which went live on 21 March, raised $45m (£25.8m). Olswang advised the nominated adviser and broker Collins Stewart Tullett. Luthra & Luthra advised Noida on local law.