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
Energy company bought out of power station

Energy company bought out of power station

Rob Merrick, Herbert Smith Freehills

Two global firms have advised on the sale of AGL Energy's stake in the Diamantina Power Station to its joint venture partner, APA Group.

Firms: Herbert Smith Freehills (AGL Energy); King & Wood Mallesons (APA Group)

Deal: AGL Energy sold its 50 per cent interest in Diamantina Power station to APA group.

Value: $151 million

Area: M&A

Key players: The Herbert Smith Freehills team was comprised of partner Rob Merrick, senior associate Charlotte Cameron and solicitor Geoff Kerrigan. They worked closely with AGL's group counsel of group operations Hilary Thorpe.

The King & Wood Mallesons team was led by partner Craig Rogers and senior associate Roderick Smythe, with support from Theadora Tsangari and Michelle Crocker.

Deal significance: AGL Energy Limited (AGL) sold its 50 per cent equity interest in the Diamantina Power Station joint venture (DPS) to APA Group, its joint venture partner in DPS, for $151 million.

The acquisition fits within APA’s growth strategy by adding further to their infrastructure business, according to a release from King & Wood Mallesons.

DPS is located in Mount Isa, Queensland and comprises the 242MW combined cycle gas turbine Diamantina Power Station and the 60MW open cycle gas turbine Leichhardt Power Station, serving its foundation customers Glencore and Ergon.

AGL will continue to supply gas to DPS under the existing gas sales agreement, which runs until 2023.


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

Energy company bought out of power station
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
APPOINTMENTS
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'...
opinion
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...
Help
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 & ...