The transaction was closed on 1 June 2016 and it also included FQM Kevitsa Mining Oy’s fully owned subsidiary, FQM FinnEx Oy, being an exploration company. The total consideration on a debt-free basis is USD 712 million in cash, making it as one of the biggest transactions of a private company in Finland during 2016 so far.

We advised First Quantum Minerals Ltd. in the Finnish law aspects of the Term Loan and Revolving Credit Facility (the “Facility“).