Milbank LLP advised Vietnamese natural resources company Masan Resources (“MSR”) and its subsidiary Nui Phao Mining Company Limited (“Nui Phao”) as purchaser in the buyout of minority joint venture partner German manufacturer H.C. Starck GmbH.
MSR acquired H.C. Starck’s 49 percent stake in joint venture company, Nui-Phao-H.C. Starck Tungsten Chemicals Manufacturing LLC, which is a leading producer and global supplier of tungsten chemicals. This acquisition allows MSR full access to innovative downstream processing technology to deliver its vision of becoming a fully integrated downstream tungsten chemicals business of global scale and influence. Nui Phao is now the primary tungsten chemicals producer outside of China with approximately 36% of the non-China market.
The global Corporate Milbank team was led by partner Jacqueline Chan (Singapore), with associates Andrew Gibb (Singapore), Sameer Goyal (Singapore), and Faraaz Samadi (London).
Ms. Chan said: “We are very pleased to have represented Masan Resources in this landmark buyout, which is a milestone step in furthering Masan’s global strategic goals in developing an integrated business model to generate strong cashflows and profits through commodity cycles.”
