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Freehills advises on sale of Port of Geelong

Freehills advises on sale of Port of Geelong

Freehills has advised on the sale of a portion of the Port of Geelong by Australian Infrastructure Fund.

Firms: Freehills (Australian Infrastructure Fund ‘AIX’)

Deal: Divestment of AIX’s 35 per cent interest in the Port of Geelong

Area: Corporate

Value: $25 million

Key players: Freehills partner Simon Haddy led the AIX legal team, supported by senior associates Robert Feiner and Sarah d’Oliveyra, as well as Toby Eggleston, the director of Greenwoods & Freehills

Deal significance: The Port of Geelong is a bulk seaport which predominately handles petroleum and oil products, and is the second largest port in Victoria. Under the deal, AIX sold its interest in the Victorian port for consideration of approximately $25 million, plus distributions for the period up until completion.

 

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