Gide has advised KGHM Polska Miedz on receiving a USD 450 million unsecured working capital loan from Bank Gospodarstwa Krajowego. Deloitte Legal reportedly advised Bank Gospodarstwa Krajowego.
KGHM Polska Miedz, a Polish state-owned company listed on the Warsaw Stock Exchange, is a producer of copper and refined silver.
Bank Gospodarstwa Krajowego is a Polish development bank.
According to Gide, the funds will be used to finance the company's general corporate objectives.
Back in 2022, Gide advised KGHM on its sale of a stake in Sierra Gorda to South32 (as reported by CEE Legal Matters on March 8, 2022).
The Gide team included Partner Dariusz Tokarczuk and Counsel Marta Karminska.