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Global Infrastructure Partners Australia makes $2.5bn investment
International law firm Allens has advised Global Infrastructure Partners Australia (GIP) on its multibillion-dollar investment into Shell’s Queensland Curtis LNG common facilities.
Emma Musgrave
Firms: Allens (GIP); undisclosed (Shell’s Queensland Curtis LNG common facilities).
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Deal: GIP has acquired a 26.25 per cent interest in Shell’s Queensland Curtis LNG common facilities.
Value: US$2.5 billion.
Area: M&A, finance.
Key players: The legal team advising GIP was led by Allens corporate partner Igor Bogdanich, with assistance from partners Tom Story and Charles Ashton, managing associates Adrian Amer and Anne Nguyen, counsel Andrew Wong, senior associates Rob Merriam, Zac Kedgley-Foot and Anne Beresford, senior overseas practitioner Patrick McGregor, senior energy and resources lawyer Sarah Birrell.
Partner James Kanabar advised on the fund’s elements of the transaction, while partner Tim Stewart, senior associate Nick Koutsoukos, overseas practitioner Alex Cutting, lawyer Lucinda Campbell and associate Claudia Gherman-Buzas advised on the banking and finance elements.
Deal significance: The acquired interest into the common facilities by GIP include LNG storage tanks, jetties and operations infrastructure servicing Queensland Curtis LNG’s trains. Shell will remain operator of the facilities, a statement from Allens confirmed.
“We congratulate GIP on this landmark acquisition,” said lead partner Mr Bogdanich.
“The investment is part of GIP’s broader strategy of targeting high-quality assets in sectors where it has deep knowledge, with a focus on complex transactions and strategic joint ventures.”
