Historic Guinea Project Financing Recognized as Global Multilateral Deal of the Year at PFI Awards
(London) – Akin Gump is pleased to announce that Emirates Global Aluminium (EGA) and wholly owned subsidiary Guinea Alumina Corporation (GAC) S.A.’s greenfield mining project in Guinea, the largest-ever financing of its kind for that nation, was recognized as Multilateral Deal of the Year in the Global category at Project Finance International’s PFI Awards 2019.
The transaction involved a $750 million debt financing by multilateral institutions and international commercial banks—the first time these institutions have joined such a project in Guinea. Akin Gump advised EGA and GAC in the compliance aspects of the deal, leveraging the firm’s powerhouse sanctions practice to analyze and manage the impact of U.S. sanctions on this deal.
With Akin Gump Dubai partner in charge Mahmoud (Mac) Fadlallah heading the team, firm practitioners worked collaboratively to advise GAC in this historic undertaking alongside affiliated legal teams in the United Arab Emirates, Guinea, Côte d’Ivoire, Canada, Germany, Mauritius, The Netherlands, England and Wales, France and the United States.
Further details about this ground-breaking deal, and the Akin Gump team advising on it, can be viewed here.
The deal was honored at a ceremony held in London yesterday evening.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 1,000 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East. Founded in 1945, the firm is proudly celebrating its 75th anniversary in 2020. #AkinGump75