Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Ashurst and Linklaters have landed lead roles on the proposed 1.4 billion pound ($2.5 billion) takeover of Russian oil exploration giant Imperial Energy. The deal sees Linklaters score a role for Indian corporate ONGC Videsh, whose offer for the oil company has now been recommended and is subject to approval from the Russian government. London-based corporate partner Michael Sullivan is heading up the team. Imperial turned to regular adviser Ashurst for the takeover bid with corporate partners Michael Robins and Jonathan Earle at the helm. The two companies have been in talks since July this year; however, Chinese group Sinopec has also been reported as considering tabling a rival bid for the energy company, but as yet has made no formal offer. Ashurst has been a regular adviser to Imperial in recent years, with Robins recently taking a role for the company on its $600 million financing at the beginning of April, as well as advising on a 305 million pound ($561 million) rights issue at the end of the same month. Robins also advised the company on its 2007 move from the alternative investment market (AIM) to the FTSE. Linklaters has also advised its client in the past, including taking a role in 2006 when it was part of a consortium that bought 324 million pounds-worth ($596 million) of Syrian oil assets from Petro-Canada. For more news, commentary and analysis on the international legal market, visit LegalWeek.com

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.