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Yara heightens presence in Pilbara

Yara heightens presence in Pilbara

Clayton Utz, Freehills and Clifford Chance have advised on an acquisition in Western Australia's booming Pilbara mining region

Firms: Clayton Utz (Yara International ASA), Freehills (ANZ), Clifford Chance (Australian counsel to Apache Energy)

Deal: Norwegian-based chemical company Yara expands its interests in Western Australia's booming Pilbara mining region

Area: Corporate

Value: $US143 million ($133 million)

Key players: The Clutz team was led by Melbourne corporate partner Rod Lyle (pictured), senior associate John Brewster, Perth litigation partner Scott Crabb and senior associate David Benson. Rodd Levy led the Freehills team and Michael Lishman led the Clifford Chance team

Deal significance: Under the deal, signed on 1 February, Yara will become the majority owner of Burrup Holdings Limited (BHL) by increasing its stake in BHL from 35 to 51 per cent. Yara will also become joint owner of BHL subsidiary Burrup Fertilisers Pty Ltd (to be renamed Yara Burrup) together with oil and gas producer and explorer Apache Energy Limited, which has acquired the remaining 49 per cent interest in BHL for approximately $US439 million.

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