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Clayton Utz has advised Queensland Treasury Holdings on a sell-down of shares that will see a $1 billion buy-back by Australia's largest rail freight operator.
Firms: Clayton Utz (Queensland Treasury Holdings)
Area: Capital markets
Value: $1.5 billion
Key players: Corporate partners Tim Reid and Stuart Byrne (pictured) led the Clayton Utz team with support from senior associates Richard Knott and Natalie Krahe
Deal significance: The sell-down of shares in QR National, Australia's largest rail freight operator, comprised a $0.5 billion block trade to institutional investors and a $1 billion buy-back by QR National (subject to shareholder approval).
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