Big Law

Senex Energy acquired for $900m

Mining company Hancock Prospecting has been advised on its joint venture to acquire Senex Energy for $900 million.

April 12, 2022 • By Lauren Croft

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Firm: Corrs Chambers Westgarth (Hancock Prospecting Pty Ltd)

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Deal: Corrs Chambers Westgarth has advised Hancock Prospecting Pty Ltd (HPPL) in connection with its joint venture with POSCO INTERNATIONAL Corporation (POSCO) to acquire natural gas producer Senex Energy Limited (Senex) by way of a scheme of arrangement.

Value: $900 million

Area: M&A

Key players: The Corrs team was led by head of corporate Sandy Mak and partners Robert Franklyn and Adam Foreman.

Deal significance: Announced in December, the $900 million deal was officially completed last week – and the firm said that it’s an important investment in the natural gas market for HPPL.

“The deal reflects the increase in activity in the global resources market in a dynamic environment for energy prices,” noted partner Robert Franklyn.

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Lauren Croft

Author

Lauren is the commercial content writer within Momentum Media’s professional services suite, including Lawyers Weekly, Accountants Daily and HR Leader, focusing primarily on commercial and client content, features and ebooks. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications. Born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling.

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