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Corrs behind Indian finance for QLD coal terminal

Corrs behind Indian finance for QLD coal terminal

Corrs Chambers Westgarth has acted for State Bank of India (SBI) in relation to the financing for the acquisition of Abbot Point Coal Terminal in Queensland, Australia. Premier Anna Bligh last…

Corrs Chambers Westgarth has acted for State Bank of India (SBI) in relation to the financing for the acquisition of Abbot Point Coal Terminal in Queensland, Australia.

Premier Anna Bligh last month announced that the Government had agreed to a 99-year lease of the Abbot Point Coal Terminal to Mundra Port Pty Ltd for a sum above the expected price of $1.5 billion.

Corrs advised SBI on the Australian finance and taxation aspects of the $US1.1 billion financing.

The Corrs team, which worked closely with Amarchand & Mangaldas & Suresh A Shroff & Co on the transaction, was led by partner Robert Ritchie and supported by partner Craig Milner and lawyer Amin Doulai.

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