Goodbye job applications, hello dream career
Seize control of your career and design the future you deserve with LW career

Senex Energy acquired for $900m

Mining company Hancock Prospecting has been advised on its joint venture to acquire Senex Energy for $900 million.

user iconLauren Croft 12 April 2022 Big Law
Senex Energy acquired for $900m
expand image

Firm: Corrs Chambers Westgarth (Hancock Prospecting Pty Ltd)

Deal: Corrs Chambers Westgarth has advised Hancock Prospecting Pty Ltd (HPPL) in connection with its joint venture with POSCO INTERNATIONAL Corporation (POSCO) to acquire natural gas producer Senex Energy Limited (Senex) by way of a scheme of arrangement.

Value: $900 million

Area: M&A

Key players: The Corrs team was led by head of corporate Sandy Mak and partners Robert Franklyn and Adam Foreman.

Deal significance: Announced in December, the $900 million deal was officially completed last week – and the firm said that it’s an important investment in the natural gas market for HPPL.  

“The deal reflects the increase in activity in the global resources market in a dynamic environment for energy prices,” noted partner Robert Franklyn.

Lauren Croft

Lauren Croft

Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.

You need to be a member to post comments. Become a member for free today!