subscribe to our newsletter sign up
Mitsubishi makes strategic acquisition

Mitsubishi makes strategic acquisition

Ashurst and Johnson Winter & Slattery have advised on Mitsubishi's strategic acquisition of Port Bonython Fuels Pty Ltd.

Firms: Ashurst (Mitsubishi Corporation); Johnson Winter & Slattery (Stuart Petroleum Fuels Pty Ltd and Senex Energy Limited)

Deal: Acquisition of Port Bonython Fuels Pty Ltd by Mitsubishi Corporation

Area: E&R

Value: Undisclosed

Key players: Ian Williams, Andrew Carter and Ian Kellock led for Ashurst

Deal significance: Mitsubishi Corporation has successfully completed its acquisition of Port Bonython Fuels Pty Ltd from Stuart Petroleum Fuels Pty Ltd, a wholly-owned subsidiary of ASX listed Senex Energy Limited.  The acquisition was first announced to ASX on 9 March 2012.

Port Bonython Fuels Pty Ltd owns a terminal project involving the construction of liquid hydrocarbons including refined petroleum (e.g. diesel, motor spirit etc...) handling, storage and distribution facilities at Port Bonython in the upper reaches of Spencer Gulf.

The acquisition is of strategic importance to Mitsubishi Corporation and is consistent with its desire to strengthen its existing operations in the energy and resources sector.

Promoted content
Recommended by Spike Native Network