The shares are listed on the London Stock Exchange

Davis Polk advised the sole placement agent and bookrunner in connection with the placing of shares of ACG Metals Limited (formerly ACG Acquisition Company Limited) in relation to its acquisition of the Gediktepe mine in Turkey from Lidya Madencilik Sanayi ve Ticaret Anonim Şirketi, a subsidiary of Istanbul-based conglomerate Çalık Holding.

ACG is a special purpose acquisition company (SPAC) incorporated in the British Virgin Islands formed for the purpose of effecting a business combination with a mining company that produces materials characterized by supply constraints and rising long-term demand. The Gediktepe mine is a polymetallic mining operation, currently producing gold and silver, with copper and zinc production to commence in the future following the sulphide expansion project.

The Davis Polk corporate team included partners Reuven B. Young and Simon Witty and associates Serdar Inci, William Urukalo and Federica Camilleri de Marco. Partner Dominic Foulkes and associate Patrick O’Donovan provided tax advice. Counsel Mark Chalmers provided regulatory advice. All members of the Davis Polk team are based in the London office.

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