Leading law firm Mourant Ozannes is the sole adviser to Glencore International AG on the Jersey legal aspects of what is expected to be London's biggest ever flotation.

Glencore, the world's largest commodities trader, is currently preparing to list on the London and Hong Kong stock exchanges. Glencore has established a Jersey holding company, Glencore International plc, whose shares will be listed on both exchanges.

Partner Robert Hickling who is leading the Mourant Ozannes team, assisted by Jon Woolrich, Associate, said:

“Jersey companies have earned an outstanding reputation for high value, high quality listings in London and, having gained approval to list on the Hong Kong Stock Exchange in 2009, are really gaining momentum there too. It is highly significant that a Jersey company has been chosen for this transaction and reflects very positively on Jersey.

“To be involved as the principal Jersey legal adviser in one of the largest listings of all time is fantastic news for Mourant Ozannes and consolidates our position as the leading Channel Islands firm for FTSE-100 and FTSE-250 listings work.”

Linklaters is acting as Glencore's main UK and Hong Kong counsel. Mourant Ozannes advises more FTSE-100 and FTSE-250 companies than any other offshore law firm, according to the most recent Hemscott Quarterly Report 2011.

ENDS.