On May 11, 2018, Louis Dreyfus Company ("LDC") completed its sale of its global Metals business ("LDC Metals") to NCCL Natural Resources Investment Fund for US$466 million, managed by New China Capital Legend as general partner, with two limited partners of AXAM Asset Management (“AXAM”) and China Molybdenum Co., Ltd. (“CMOC”).
CMOC is a joint stock company established in the People's Republic of China. The Company is primarily engaged in the mining and processing, smelting, deep processing, trade, research and development of molybdenum, tungsten, gold and other precious metals.
LDC is a global merchant company that is involved in agriculture, food processing, international shipping, and finance.
LDC Metals originates, consolidates, blends, tolls, transports and merchandizes base and precious metals in raw and refined form.
Osler, Hoskin & Harcourt LLP represented CMOC with a team consisting of Marc Kushner, Lynne Lacoursière, Alix Morse, and Jillian Mulroy (Corporate), Jennifer Lee, Paul Seraganian, and Julie Geng (Tax), Shuli Rodal (Competition/Antitrust & Foreign Investment), and Andrew Herr (Banking and Financial Services).