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  • Finance group Skaninaviska Enskilda Banken (SEB) has proposed an acquisition of London fund-of-hedge-funds manager Key Asset Management. SEB was represented by a Slaughter and May team headed by partner Andrew Jolly. He was supported by associates James Hawes and Angus Bujalski. Norton Rose advised the sellers.
  • Clyde & Co has recruited another partner to its Abu Dhabi office, bringing the number of partners based in the Middle East to 15.
  • 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.
  • Ratings agencies' credibility has plummeted thanks to the credit crunch. But last Thursday, Moody's tried to restore its reputation with a new ratings resource for investors
  • Wolf Theiss has expanded, opening its tenth office in the Hungarian capital of Budapest.
  • Abraaj Capital has refinanced its acquisition of Egyptian Fertilizers.
  • Newly merged firm Dewey & LeBoeuf advised Eastern Property Holdings (EPH) on its $151 million offering on the Swiss Stock Exchange. The Dewey team represented EPH on English, US and Russian law aspects of the listing and was led by London partner Louise Roman Bernstein and senior associate Patrick Lyons. Niederer Kraft & Frey acted as Swiss counsel and Walkers BVI counsel to EPH.
  • 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.