Freehills recently advised InterGen on its US$227 ($314.8) million disposal of a 50 per cent stake in OzGen (the holding company for InterGen’s Australian power generation assets) to China’s Huaneng Group. The firm’s role included advising InterGen on several different sale options, assisting in putting together due diligence data and liaison with partners, financiers and contract counterparties, negotiating sale documentation with three separate bidders and assisting in the assessment of bids and bid selection. The Brisbane-based team included partners Gary Maguire and Paul Kasmer.
Coudert Brothers has advised on the US$432 ($597.4) million sale by RAG Coal International AG (RAGCI) of its coal operations in Colorado and Australia to US-based Peabody Energy. RAGCI is a unit of RAG Aktiengesellschaft, a privately-held energy, technology and industrial group based in Essen, Germany. The sale to Peabody Energy, the world’s largest private sector energy company, covers the Burton and North Goonyella mines in Queensland and Colorado’s Twentymile Mine.