Representative Africa Experience
Recent work includes:
- Represented global telecoms operator VimpelCom Ltd in relation to the $2.6 billion disposal by its Egyptian-listed subsidiary Global Telecom Holding (GTH) of a 51 percent stake in Orascom Telecom Algérie, the leading Algerian mobile telecommunication operator to the Algerian National Investment Fund
- Represented Global Telecom Holding SAE, a subsidiary of VimpelCom Ltd., in the sale of its 100 percent stake in Telecel Globe Limited. Telecel Globe wholly owns telecommunications operators U-COM in Burundi and Telecel Centrafrique in Central African Republic
- Represented VimpelCom Ltd. in its combination with WIND TELECOM S.p.A. (formerly Weather Investments S.p.A.) - a transaction valued at $25.7 billion involving 20 jurisdictions. This acquisition created the world’s sixth-largest mobile telecommunications carrier by subscribers with 181 million mobile subscribers as of December 31, 2010. Akin Gump was recognized as “Corporate Team of the Year” at the Legal Business Awards 2012 and the team also won the 2011 Financial Times Innovative Lawyers Award for Legal Innovation in Emerging Markets for its work on this transaction.
- Represented VimpelCom Ltd. in the spin-off of certain Egyptian and North Korean assets of Orascom Telecom Holding S.A.E. and certain Italian assets of Wind Telecom to Weather Investments II S.a r.l., including the demerger of Orascom Telecom Holdings to establish two Egyptian companies listed on the Egyptian Exchange with GDRs traded on the London Stock Exchange.
- Represented Chariot Oil & Gas(“Chariot”) wholly-owned subsidiary, on two partial sales and combined joint venture/farm-out agreements on Chariot’s significant acreage holdings in Namibia, West Africa:
- with Petroleum Geo Services ASA (PGS) whereby PGS acquired a 10% interest in Chariot’s central blocks in offshore Namibia; and
- with BP Plc whereby BP acquired a 50% share of Chariot’s equity interest in a block in offshore Namibia and involving negotiations with Petrobras which also own an interest in the Block.
- Served as legal counsel to Emerging Capital Partners (ECP), the first private equity group to raise more than $1.8 billion for investment in companies across the African continent, in its majority-stake investment in Java House Nairobi, Kenya’s leading café and casual dining restaurant operator. This transaction is the first private equity transaction in the restaurant sector in East Africa. ECP’s capital will be used to expand Java House Nairobi’s operations and the number of locations around Kenya and the broader East African region.
- Represented the operator and majority owner, Freeport-McMoRan Copper and Gold, in the development of the Tenke Fungurume copper and cobalt mining project in the Democratic Republic of the Congo (one of the largest copper and cobalt resources in the world), including negotiation of a mining convention with the government, preparation and negotiation of an Engineering Procurement and Construction Management agreement, negotiation of electric power facility and supply agreements with the state-owned electric power company, and other project documentation and financing.
- Represented pro bono client the Grassroots Business Fund (GBF) on a deal that will help extend crucial mobile banking opportunities to sub-Saharan Africa. Through GBF, Akin Gump attorneys provided pro bono legal counsel to Mobile Transactions