International law firm Addleshaw Goddard acted as legal counsel to ETC Holdings (Mauritius) Limited ("ETC Holdings") on the recommended c.£142m cash takeover offer by Saturn Resources Ltd, a wholly-owned subsidiary of ETC Holdings, for AIM quoted Shanta Gold Limited. The transaction is currently intended to be implemented by means of a Court-sanctioned scheme of arrangement, under Guernsey companies law, and subject to the satisfaction of various offer conditions (including the approval of the transaction by the requisite majority of Shanta shareholders), is currently expected to complete in H1 2024. 

The AG deal team was led by Corporate Finance partner, Giles Distin, supported by, amongst others, Faye Wiles and Ciara Hennessy (Corporate), Kyle Johnson and Frankie Seber (Finance) and Rona Bar-Isaac and Dima Talja (Regulatory).