Shearman, Linklaters win lead roles on African mining IPO

Canada's Barrick Gold Corporation, the world's largest producer of gold, will spin off its African division into a separate public company. The new company, African Barrick Gold, expects to list on the London Stock Exchange (LSE) with a capitalisation expected to reach $3.7bn and will also seek a secondary listing on the Dar es Salaam Stock Exchange in Tanzania, its main area of operations. Shearman & Sterling and Linklaters have won lead roles on the spin-off, with Shearman advising regular client Barrick. London-based M&A partner Laurence Levy and finance partner Mei Lian led the firm's team. Linklaters London corporate partner partner Charlie Jacobs and US capital markets partner Pam Shores are advising the banks.

Shearman, Linklaters win lead roles on African mining IPO legalweek.com Sun, Feb 21, 2010