JSC Atomredmetzoloto Completes Going Private Transaction involving Uranium One Inc.
|Areas||Competition, Antitrust and Foreign Investment, Corporate and Commercial, Litigation, Mergers and Acquisitions, Mining and Natural Resources, Tax|
Goodmans represented Uranium One Inc. in connection with the acquisition by JSC Atomredmetzoloto (ARMZ), through its wholly-owned subsidiary, of all of the issued and outstanding common shares of Uranium One that ARMZ and its affiliates did not already own by way of a plan of arrangement. The transaction provided total consideration to minority shareholders of approximately C$1.3 billion.
Uranium One Inc. is a Canadian-based company and is one of the world’s largest uranium producers. The Company has a globally diversified portfolio of assets located in Kazakhstan, the United States, Australia and Tanzania. Uranium One is a wholly owned subsidiary of ARMZ which is a wholly owned subsidiary of Rosatom, the Russian State Corporation for Nuclear Energy.