find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Minters, Bakers advise on $313m Cockatoo deal

Minters, Bakers advise on $313m Cockatoo deal

Minter Ellison has advised Cockatoo Coal, which announced today that SK Networks will pay $313m to lift its holding in the company to 40 per cent.

Law firm Minter Ellison has advised Cockatoo Coal, which announced today that SK Networks will pay $313 million to lift its holding in the company to 40 per cent through a share placement.

Minters advised Cockatoo Coal on its capital raising through the share placement. Lead partner and head of mergers and acquisitions at the firm, James Philips, said it was exciting to contribute to the clients growth. Senior associate and corporate M&A lawyer Kylie Quinlivan assisted on the deal.

Baker & McKenzie is acting for South Korea's SK Networks on the deal. Sydney partner Steven Glanz and Hong Kong partner Won Lee led the deal, assisted by senior associate Breanna Slattery.

In the deal, SK Networks, a South Korean company, will invest A$313 million in Cockatoo Coal, an ASX listed metallurgical and thermal coal development and production company, via a placement of shares to increase its interest in Cockatoo to 40 per cent.

The placement is priced at $0.535 per share and is expected to be implemented by the end of June 2012. The proceeds will provide equity funding for Cockatoo’s medium term infrastructure and project development commitments and repay debt. 

To assist with Cockatoo’s funding requirements prior to completion of the Placement, SK Networks has agreed, subject to formal documentation, to provide a guarantee for a A$150 million loan facility proposed to be provided by KEB Australia Limited and other lenders.

SK Networks is a member of the SK Group, the third largest conglomerate in South Korea, which has interests in the chemical, petroleum and energy industries, and provides services in the construction, shipping and telecommunications sectors.

Minter Ellison has been assisting Cockatoo Coal since before its IPO in 2005.


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

Minters, Bakers advise on $313m Cockatoo deal
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice
Oct 19 2017
‘Ego status’ compelled ex-lawyer to defraud $2.97m, court told
Debarred lawyer John Gordon Bradfield told an NSW District Court that he was driven by “ego status...
Australian Lawyers Alliance (ALA), Queensland’s new industrial manslaughter legislation,
Oct 19 2017
ALA welcomes ‘tough’ Qld manslaughter laws
The Australian Lawyers Alliance (ALA) has welcomed Queensland’s new industrial manslaughter legisl...
Legal podcasts, tune in, microphone
Oct 19 2017
Legal podcasts you have to tune in to right now
The rise of the internet has hailed in a new dawn for storytelling. Here’s our top pick of podcast...
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 & ...