Sterlite to acquire US-based Asarco

Corporate Bureau
Posted: Sunday, Jun 01, 2008 at 2156 hrs IST
Updated: Sunday, Jun 01, 2008 at 2156 hrs IST

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Chennai, May 31 : extremely pleased with this agreement,” said Asarco’s president and CEO Joseph F Lapinsky. “Reaching this agreement with a world class mining company is a giant step forward in our quest to successfully emerge from Chapter 11 and the sale will achieve the overall best value for Asarco, its employees, creditors and the local communities in which we operate,” he added.

ABN AMRO Corporate Finance, a part of the RBS Group, acted as financial advisor and Shearman & Sterling acted as legal advisor to Sterlite in this transaction. Lehman Brothers acted as financial advisor and Baker Botts acted as legal advisor to Asarco in this transaction....

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