Shalakany as local counsel alongside lead counsel Slaughter and May advised AngloGold Ashanti plc in its acquisition of Centamin plc which closed on 22 November 2024. Centamin plc is an established gold producer, whose flagship Tier 1 asset is the Sukari gold mine, which is Egypt’s largest and first modern gold mine, as well as one of the world’s largest producing mines.
Omar Sherif, Senior Partner, leading the Shalakany team on this transaction remarked “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.”.
Shalakany’s team advising on the transaction is led by Omar Sherif (Senior Partner) and is mainly composed of Omneya Abouhabaga (Mid-level Associate), Passant Ashraf (Junior Associate), Youssef Ihab (Junior Associate) and Alexandra Arida (Junior Associate).
