LG advises Knightsbridge Petroleum (UK) Limited on Us$460m sale of Latin American Oil Assets
11 August 2005
LG has advised Knightsbridge Petroleum (UK) Limited ("Knightsbridge"), the independent oil and gas company, on the US$460m sale of its Venezuelan and Colombian oil production and exploration assets to French-listed oil company, Etablissements Maurel & Prom. The existing management team of Knightsbridge will continue to provide management and support services to the various entities that have been sold.
Richard Elphick, a corporate and finance partner at Lawrence Graham, led the team advising Knightsbridge which included tax partner Robert Field and solicitors Geoff Gouriet, Jonathan Legg, Rachel Mills, David Reith and James Green.
Richard said: "Closing this sale represents a very satisfying conclusion to a complex international transaction which shows the growing importance of our cross border practice."
He added: "Having advised the management team at Knightsbridge on their management buy out of Nimir Holdings Limited this time last year, it is particularly rewarding to help them to further pursue their international strategy and to close this sale a year to the day after we completed the MBO."
Maurel & Prom were advised by the Paris office of Wilkie Farr + Gallagher LLP.
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