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  • Latham & Watkins has laterally hired five partners from Bonelli Erede Pappalardo and is to use them to bolster its Milan office and open another in Rome.
  • Weil Gotshal & Manges advised Olympus Corporation in its recommended offer to acquire Gyrus Group, which was advised by Allen & Overy.
  • ArcelorMittal became the second largest shareholder in General Moly after it acquired a 12.6% equity stake in the American molybdenum mineral development and mining company, with total consideration valued at $70 million.
  • Michael Banks has joined Pillsbury Winthrop Shaw Pittman, after nearly two decades at Milbank Tweed Hadley & McCloy in the global securities group.
  • Wolf Theiss has expanded, opening its tenth office in the Hungarian capital of Budapest.
  • UK firm Denton Wilde Sapte has announced an extension of its African associate network by adding Algerian law firm Cabinet Haj-Hamou et Djouadi. "We have advised clients on their activities in Algeria for a number of years, and were keen to build on our relationship with Cabinet Hadj-Hamou et Djouadi in view of developments currently taking place in the energy and finance sectors in particular", said partner Howard Barrie, head of Denton Wilde Sapte's Africa Group, based in Paris.
  • DKN Financial has acquired Lonsdale Financial and Wrap Account for A$120 million ($106 million).
  • Götz Wiese is to take over from Jörg Soehring has head of Latham & Watkins' Hamburg office on January 1 2008.
  • Allen & Overy was international counsel to Terna Energy on its €331 million initial public offering and listing on the Athens Exchange. The deal included a public offering in Greece and an international private placement to institutional investors, including those in the United States via Rule 144a.
  • Container port operator DP World's initial public offering on the Dubai Stock Exchange made $4.96 billion, valuing the company at $21.6 billion. This sale of 23% of the company marks the largest flotation in the Middle East to date; the transaction was 15-times oversubscribed.