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  3. Harneys advises ACG on $290 million acquisition of Gediktepe mine in Türkiye

Harneys advises ACG on $290 million acquisition of Gediktepe mine in Türkiye

16 Sep 2024
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Harneys acted as BVI legal counsel to ACG Metals Ltd (formerly ACG Acquisition Company Limited) (ACG) in its successful acquisition of the Gediktepe mine in Türkiye. The transaction completed on 3 September 2024 and ACG’s shares were re-admitted for listing on the London Stock Exchange under the new name ACG Metals on 5 September 2024.

ACG is a BVI company listed in London, and prior to completion of the transaction, was a special purpose acquisition company. ACG has a vision to consolidate the critical metals industry, starting with the copper sector. Through a series of roll-up acquisitions, ACG intends to become a premier supplier of copper and other critical metals to the western OEM supply chain, with best-in-class ESG and carbon footprint characteristics.

The Harneys team was led by Partner George Weston with support from James Kitching, Priya Mattu, Kiril Pehlivanov, Charlotte Allery and J’Koya Fahie. Our strategic alliance partner, Harneys Fiduciary, provides corporate services to ACG. Harneys acted on instructions from Cleary Gottlieb.

George said: “We have been working closely with ACG for a number of years now, having assisted with their IPO in 2022, and are delighted to see them complete this acquisition. It is fantastic to see a thriving BVI incorporated company listed in London, and we look forward to working with them on their exciting future plans.”

The Corporate team at Harneys excels at complex cross-border transactions involving BVI, Cayman Islands, Luxembourg, and Cyprus vehicles. The firm’s significant track record includes complex mega-deals, high value private equity transactions, landmark IPOs, and the full spectrum of public and private M&A and joint ventures.