Login
Firms seal sweet Aussie acquisition
McCullough Robertson and Minter Ellison have advised on an Australian sugar company’s purchase of another Australian sugar company.
Digital
Firms: McCullough Robertson (Mackay Sugar Limited), Minter Ellison (Mossman Central Mill Company Limited)
Area: Corporate
Value: $23.5 million
Key players: Lawyers Isaac West, Peter Gill and Diana Lohrisch (pictured) acted for McCullough Robertson while Bruce Cowley and Angie Clapper acted for Minters
Deal Significance: In recent times a number of foreign-owned companies have been purchasing Australian sugar assets. This transaction involves an Australian sugar company purchasing the assets of another Australian sugar company, meaning that the Mackay and Mossman sugar businesses will remain Australian owned. There has been widespread support for this transaction in the sugar industry, particularly from cane growers. McCullough Robertson has acted for Mackay Sugar Limited for a number of years. The transaction is due to complete in June 2012.
