Kaimakliotis LLC advises KAZ Minerals on the acquisition of the Baimskaya copper project in Russia

Kaimakliotis LLC advised KAZ Minerals on Cyprus law elements on the acquisition of the holding company of the Baimskaya copper project in the Chukotka region of Russia for a total consideration of $900 million in cash and shares (comprising Initial Consideration of $675 million and Deferred Consideration of $225 million). Baimskaya is one of the world’s most significant undeveloped copper assets with the potential to become a large scale, low cost, open pit copper mine.

The Kaimakliotis LLC team was led by Pavlos Kaimakliotis (Partner) and Alexandros Apostolatos (associate).