Dentons Link Legal is advising Rusal IPJSC, the largest Aluminium company in the world outside of China, in its proposed acquisition of a 50% stake in Pioneer Aluminium Industries Limited from the Pioneer Group and the KCap Group.
The acquisition is structured to be completed in three stages. In the first tranche, Rusal IPJSC will acquire 26% for USD 243.75 million.
Pioneer Aluminium Industries owns and operates a metallurgical grade alumina refinery located in the state of Andhra Pradesh, India, with a nameplate production capacity of 1.5 million tonnes per annum.
The Firm acted as the lead Indian transaction counsel on the deal.
The Dentons Link Legal team comprises Partner Rohitashwa Prasad and Associate Rishabh Adlakha.