30 t ransact ions

fErrum rEsourcEs ltD rAIsEs fuNDINg from EmErgINg mEtAls ltD to AcQuIrE 6 IroN orE EXplorAtIoN lIcENcEs IN rEpuBlIc of

cAmErooN Eml has announced that on 6 June 2011 it’s 37.23 per cent associate, ferrum resources limited (ferrum), entered into an agreement to subscribe for new shares in cmc guernsey limited (cmc guernsey), a newly incorporated guernsey registered and incorporated company, constituting 63.53 per cent of its issued shares for a cash consideration of us$13.5 million. Subject to regulatory approval in

Cameroon, approving the transfer of shares to CMC Guernsey (Completion) CMC Guernsey will own, through a 95 per cent owned subsidiary, six iron ore licenses in Cameroon. Stephen Dattels, Co Chairman of

Emerging Metals, said: "Subject to Completion the investment by Ferrum in CMC Guernsey is a very positive development for the Company and Ferrum. CMC Guernsey will be the owner of six iron ore concessions with a total lease area of approximately 6,000 square. The 63.53 per cent interest of Ferrum in CMC Guernsey will provide Ferrum and EML with an opportunity to realise an early stage discovery, depending on exploration success, which could have the potential to achieve production within a few years and create significant shareholder value. Ogier London acted as BVI legal adviser

to Ferrum in relation to its £13.5m acquisition of 6 iron ore exploration licences in the Republic of Cameroon, led by Simon Dinning, Managing Partner of the London office. fi

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fINEst procurINg solutIoNs ltD shArE

sAlE cadila healthcare ltd has signed a share purchase agreement with IcIcI venture to acquire 100 per cent shareholding of finest procuring solutions ltd, which in turn holds cent per cent shareholding of Bremer pharma gmbh of germany The deal, signed through Cadila’s 100

per cent subsidiary, Zydus Animal Health Ltd, includes the transfer of all key assets, people, brands and export contracts of Bremer. After acquisition, Zydus AHL will be able

to expand its animal health business and gain strategic access to the key markets across Europe, South America, Asia and Africa. The global animal health business is valued at $20 billion (Rs 88,170 crore). Pankaj Patel, CMD said, “Bremer’s high

quality, generic veterinary pharmaceutical business and extensive presence in global markets will help us leverage our strengths and add new dimensions to our growth in the animal health business. We see this as an opportunity to catapult our business to higher levels of excellence.” Apart from an extensive network of distributors in over 50 countries, Bremer has well-established research facilities and infrastructure for manufacturing powders, tablets, liquid and parenterals in Warburg-Scherfede, Germany. Zydus AHL is India’s leading animal healthcare company and a market leader in various therapeutic segments, including antibacterials, antimastitis, tonics and poultry vaccines. HSA Advocates (formerly Hemant Sahai

Associates) advised ICICI Venture Funds Management Co Ltd on this transaction, led by partner, Aparajit Bhattacharya. fi

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QuArto AcQuIrEs AWArD-WINNINg BrItIsh Book puBlIshEr frANcEs lINcolN

lImItED Quarto, one of the largest international co-edition book publishers, has acquired British book publisher frances lincoln limited (fll) for l4.5 million in cash. This acquisition more than doubles the

size of Quarto's UK-based book publishing revenues. FLL reported audited profit before tax of L619,000, net assets of L3.8 million and gross assets of L5.9 million for the year ended 31 March 2011. FLL has a distribution business handling

sales and fulfillment for a number of third party publishers and management anticipate merging this with Quarto's existing sales and distribution activities handling titles from US imprints in the UK and continental Europe. Commenting on the acquisition,

Chairman and CEO, Laurence Orbach, said the company is delighted to announce the acquisition of Frances Lincoln Limited. “FLL is a highly respected publishing

business particularly well known as the publisher of Alfred Wainwright, Julia Bradbury, Christopher Lloyd and many other well regarded authors,” said Orbach. “It complements Quarto's existing UK publishing business, several imprints trading under the Aurum name, and more than doubles the scale of its presence in the UK. The acquisition is in keeping with the company’s strategy to further expand its already broad offering of niche content,” said Orbach. Today, Quarto is one of the world's largest

Groups producing illustrated non-fiction books. The company was set up in London in 1976 before listing on the London Stock Exchange in 1986. fi

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  OCTOBER 2011   www.finance-monthly.com (%"$&"&(!"$

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