AngloGold Ashanti Sells CC&V for $820m Plus Royalty to Cut Debt
By Lawdragon News | June 10, 2015 | Press Releases
June 8, 2015 -- AngloGold Ashanti Limited has agreed to sell its Cripple Creek & Victor mine in the United States to Newmont Mining Corporation for US$820 million in cash, plus a net smelter return royalty. Cravath, Swaine & Moore LLP represented AngloGold Ashanti in connection with this transaction.
The Cravath team was led by partner Richard Hall and included associate Lee Johnston (M&A); partner Eric W. Hilfers, senior attorney Lawrence A. Pasini and associate Amy C. Benford (executive compensation and benefits); partner David J. Kappos and practice area attorney Anthony N. Magistrale (intellectual property); partner Matthew Morreale (environmental); partner Christine A. Varney and associate Jesse M. Weiss (antitrust); and practice area attorney Gary R. Eisenman (real estate). Maria Rita Sobral also worked on M&A matters.
