Kreab advises Sierra Rutile on £215m takeover

christina-clark-1

Christina Clark

Swedish communications consultancy Kreab has advised Sierra Rutile Limited on its recommended takeover by Iluka Resources.

Kreab has advised on the takeover offer of 36p per Sierra Rutile share received from Iluka Resources Limited, which was announced on 1 August 2016. The offer valued Sierra Rutile at £215m.

Sierra Rutile is an AIM-listed multi-mine mineral sands company, with an established operating history in Sierra Leone spanning approximately 50 years.

Iluka is listed on the ASX (Australian Securities Exchange) with a market capitalisation of A$2.893bn (£1.831bn), as of 7 December 2016.

The takeover was implemented by way of statutory merger between Sierra Rutile and a subsidiary of Iluka under the BVI Business Companies Act.

Sierra Rutile has been a client of Kreab since early 2012 and the brief is led by Kreab director Christina Clark.

Related Posts
Opinion: How challenger agencies can compete with the big agency networks
Barbara Bates, global CEO at Hotwire, highlights the key areas where challenger agencies can go the extra mile to compete with their larger counterparts. For a long time in [...]
60 Seconds with The Academy co-founder Mitch Kaye
60 Seconds with The Academy co-founder Mitch Kaye
Mitch Kaye, co-founder of The Academy, reveals why he and Dan Glover started their second agency, how the pair work together and his love of AFC Bournemouth. What made you [...]
Discover how PR can move from evolution to revolution
At CommsCon earlier this month, we heard a range of fantastic speakers articulate their view of what comms professionals can do to improve their output. They encouraged their [...]
Brendon Craigie Tyto PR
Opinion: Why “PR” is having a renaissance
Brendon Craigie, co-founder and managing partner at Tyto PR, examines why PR professionals are once again adopting the PR moniker. The public relations industry is in the [...]