Page ContentChina Minmetals Non-Ferrous Metals Co., Ltd. and Jiangxi Copper Company Ltd. acquire Northern Peru Copper Corp.Date Closed: 1/25/2008Value: C$455 million On January 25, 2008, China Minmetals Non-Ferrous Metals Co., Ltd. and Jiangxi Copper Company Ltd. announced their acquisition by way of take-over bid of approximately 96% of the outstanding shares of Northern Peru Copper Corp. for $13.75 per share in cash. Northern Peru Copper is engaged in the exploration and development of advanced-stage copper and gold properties in Peru. China Minmetals, a Chinese state-controlled corporation, and Jiangxi Copper, a Chinese state-controlled public corporation, now control Northern Peru Copper through a joint venture owned 60% by China Minmetals and 40% by Jiangxi Copper. China Minmetals and Jiangxi Copper will acquire the remaining shares of Northern Peru Copper pursuant to a compulsory acquisition transaction.The transaction valued Northern Peru Copper at approximately $455 million. Prior to making the offer, China Minmetals and Jiangxi Copper entered into a support agreement with Northern Peru Copper and lock-up agreements pursuant to which the locked-up shareholders agreed to deposit approximately 42% of the Northern Peru Copper shares to the offer. Northern Peru Copper was represented by it's Secretary, Robert Pirooz, and by BLG, with a team that included Fred R. Pletcher, Steven McKoen and Melanie Bradley.