Nabarro advises on Argentine acquisitions
2 October 2007
Nabarro has advised Ragusa Capital Plc on the reverse takeover, under AIM rules, of electricity, oil and gas assets in Argentina, from Ketsal SA, Integra Investment and Andes Oil with a value of US$ 72.5 million. The company has been renamed as Andes Energia plc.
Ragusa was established to pursue opportunities that are considered to have the potential for the generation of sustainable growth and profitability in both the short and medium terms.
The corporate team at Nabarro was led by Glyn Taylor assisted by Peter Stewart and Rajni Jayasekera. Brons & Salas were the Argentinean lawyers to Ragusa. The nomad was Arbuthnot Securities Limited, who were advised by Lawrence Graham. Nexia Smith & Williamson were the reporting accountants.
Corporate partner Glyn Taylor said:
“We originally advised Ragusa on its flotation in 2004 and have enjoyed working with them again on this recent deal which involved quite a complex Argentinean acquisition. We look forward to our continuing relations.”
If you would like any further information or have any queries please contact:
Charlotte Tandy
Lansons Communications
T +44 (0)20 7566 9706
charlottet@lansons.com
or
Glyn Taylor
Partner
Nabarro
T +44(0)20 7524 6357
g.taylor@nabarro.com
