Weil Advises on Alior Bank’s IPO

International law firm Weil, Gotshal & Manges LLP announced today that it is acting as legal counsel on matters of Polish, UK, and US law to Alior Bank S.A. (“Alior”), a fast-growing Polish retail and commercial bank that launched its operations at the end of 2008, on its IPO, which includes a primary offering by Alior and a secondary offering by Carlo Tassara S.p.A. – through its Luxembourg subsidiaries – of a part of its stake in Alior. On 4 December 2012, the Alior’s shares were priced at PLN 57.00 per share, which means that the value of Alior’s IPO will total approximately PLN 2,098 million (approximately EUR 508 million). It is expected that the trading in Alior shares will commence on the Warsaw Stock Exchange on 14 December 2012.

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Tags:  Weil, Gotshal & Manges, LLP

Weil Advises McMoRan in $3.4B Sale as Part of $20B Three-Way Merger

A Weil team led by New York M&A partner Michael Aiello advised the special committee of McMoRan Exploration Co.’s board of directors in the company’s $3.4 billion sale to Freeport-McMoRan Copper & Gold Inc. (FCX), a leading international mining company. McMoRan is an independent public company engaged in the exploration, development, and production of natural gas and oil in the Gulf of Mexico. Upon closing, McMoRan shareholders will receive a distribution of units of a royalty trust that holds a five percent overriding royalty interest on future production in McMoRan’s existing ultra-deep properties.

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Tags:  Weil, Gotshal & Manges, LLP | New York

Kramer Levin Represents Noteholders in Connection with a Private Exchange of Approximately $1.6 billion of Outstanding Energy Future Holdings Unsecured Notes

Kramer Levin represented certain noteholders in connection with a private exchange of approximately $1.6 billion in various classes of outstanding Energy Future Holdings unsecured notes for approximately $1.15 billion of new unsecured notes issued by EFH’s subsidiary, Energy Future Intermediate Holdings, in a transaction which closed Wednesday, December 5.

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Tags:  Kramer Levin Naftalis & Frankel LLP | New York

New Partner Widens Shoosmiths’ Pensions Scope

Shoosmiths has extended the scope of its pensions team with a partner hire in Manchester.

Paul Carney joins the national law firm to address growing client demand for pensions advice in the north west.

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Davis Polk Advises BBAM on Onex’s Acquisition of a 50% Stake in BBAM and Investment in FLY Leasing

Davis Polk is advising BBAM Limited Partnership in connection with Onex Corporation’s acquisition of a 50% stake in BBAM for $165 million. Onex and BBAM have also committed to invest $25 million in the aggregate in newly issued shares of FLY Leasing Limited, a leading global lessor of commercial jet aircraft managed by BBAM. The BBAM investment is expected to close before the end of 2012.

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Tags:  Davis Polk & Wardwell LLP