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Shell advised on 49% stake in ESCO Pacific
Oil and gas company Shell has been advised by Norton Rose Fulbright on its acquisition of a 49 per cent interest in ESCO Pacific.
Jerome Doraisamy
Firm: Norton Rose Fulbright (Shell).
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Deal: Shell has acquired 49 per cent of ESCO, giving it an “interest in a 1GW project pipeline and constitutes its next step towards becoming a global integrated power business”.
Area: M&A.
Value: Undisclosed.
Key players: The NRF team was led by partners Martin Irwin and Kelly Davies, who were supported by partners Noni Shannon and Adrian Jones, special counsel Brett Thornton, and associate Ellen Laughton.
Deal significance: Mr Irwin said: “We are delighted to have assisted Shell on this investment. It is a further step not only in evolution of Shell’s business in Australia but in the continued transformation of the Australian energy market.”
