On February 10, 2025, the European Bank for Reconstruction and Development (EBRD) completed an equity investment in Sarytogan Graphite Limited (Sarytogan), an Australian Securities Exchange listed emerging graphite development company owning the Sarytogan Graphite project in Central Kazakhstan.
The equity investment was completed in two tranches with a total investment of AUS$5,000,000 and 32,250,000 shares at a price per share of AUS$0.16 for 17.36% of the issued capital of Sarytogan.
Fasken’s role on the transaction involved advising EBRD on the structure of the investment, negotiating the documentation in respect thereof, as well as coordinating with Kazakh and ASX counsel.
Fasken advised EBRD with a team led by Jodi Katz and included Stephen Vincelli.
Jurisdictions
- England
- Australia
