Amarchand leads deal JSW Energy’s Canadian acquisition of CIC Energy for $414m

December 2, 2010 JSW Energy Limited has acquired CIC Energy Corporation for $414 million (Rs. 1,886 crore). JSW Energy has signed a binding agreement to acquire 100 percent shares of CIC Energy, a Toronto Stock Exchange listed company at Canadian $7.42 per share.

Amarchand Mangaldas advised JSW Energy with a team led by Senior Partner L. Viswanathan. The international legal counsels for JSW Energy were from the offices of Stikeman Elliott LLP (Canada), Edward Nathan Sonnenbergs (South Africa), Conyers Dill & Pearman (British Virgin Island), Collins Newman & Co (Botswana) and Wragge & Co. LLP (England).


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