find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Piper Alderman, Freehills, work on Santos, Eastern Star Gas merger

Piper Alderman, Freehills, work on Santos, Eastern Star Gas merger

Piper Alderman and Freehills have acted on the merger between Santos and Eastern Star Gas in a deal that sees the latter worth $942 million

The deal will see Santos buy 100 per cent of the outstanding ordinary shares in ESG via a Scheme of Arrangement. Santos already owned 20.9 per cent of ESG and sought to purchase the remaining shares, valuing ESG at $942m. 

Santos will now assume operatorship of ESG’s coal seam gas permits with TRUenergy owning the remaining 20 per cent (in a joint venture with Santos). 

Piper Alderman has advised ESG since its foundation more than 10 years ago. The firm advised on ESG’s $16m listing on the ASX in 2001 and has been the company’s preferred legal service provider since that time. 

Advising on this merger was a team of lawyers led by partners Gordon Grieve and Owen Keen. They were supported by senior associate, Sina Kassra as well as partner, Tom Griffith and associate, Lisa Nguyen who assisted in obtaining orders in the Federal Court for the shareholders meeting to approve the merger. Over the last 10 years a team of over 100 lawyers has worked on advising this client at Piper Alderman. 

Gordon Grieve said the transaction is bittersweet for Piper Alderman. 

"We have been proud to advise Eastern Star Gas since its inception and are really pleased to have been able to assist in its successful merger with Santos. Our association with Eastern Star Gas began through one of its founders who has been a wonderful client of the firm for over 20 years. We’ve advised Eastern Star Gas on many and varied matters since the company began and it has been a pleasure to work with their team for so long. We are very proud to have seen Eastern Star Gas grow from a $16m company, to one valued at over $940m. 

This scheme of arrangement is one in a long succession of major mergers that Piper Alderman has acted on successfully. Others have included Normandy/Poseidon ($4.9bn), Constellation/Hardy Wines ($2.4bn) and Sapex/Linc Energy ($500m). 

Freehills acted for Santos. 

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Piper Alderman, Freehills, work on Santos, Eastern Star Gas merger
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice
Aug 16 2017
Urgent criminal law reforms can prevent ‘unwarranted acquittals’
Concerns about unfair prejudice arising from the use of tendency and coincidence evidence are mispla...
Aug 15 2017
Press Control-S on your firm
Promoted by BHL Software It’s now a truism that when your IT systems stop working, so does you...
Aug 15 2017
The Importance of Leadership Skills for Aspiring Lawyers
Promoted by LHD Lawyers Even the most prominent lawyers of our age (or ages past, for that matter...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...