You have2 free articles left this month.
Register for a free account to access unlimited free content.
You have 2 free articles left this month.
Register for a free account to access unlimited free content.

Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo

Powered by MOMENTUM MEDIA

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

Origin Energy sells regional asset

Two firms have advised on the sale of Origin Energy's Mortlake Terminal Station to AusNet.

user iconLara Bullock 17 February 2016 Big Law
David Ryan, Herbert Smith Freehills
expand image

Firms: Herbert Smith Freehills (Origin Energy); Gilbert + Tobin (AusNet Transmission)

Deal: Origin Energy sold the Mortlake Terminal Station to AusNet Transmission.

Value: $110 million

Area: M&A

Key players: The Herbert Smith Freehills team was led by partner David Ryan (pictured) with assistance from executive counsel Peter Davis and senior associate Kris Percy.

Deal significance: Origin Energy has sold the Mortlake Terminal Station to AusNet Transmission, the current operator of the station, for $110 million.

Mortlake Terminal Station connects Origin’s 550MW gas-fired Mortlake Power Station to Victoria’s electricity transmission system.

The sale of the Mortlake Terminal Station is the first of a series of infrastructure asset sales by Origin Energy as part of an asset divestment program announced in September 2015.

Herbert Smith Freehills executive counsel Peter Davis said: “We are delighted to help Origin Energy deliver on the first stage of its asset divestment process. Despite the Mortlake Terminal Station being subject to some extremely complex contractual and regulatory arrangements, the deal was successfully executed in a very short time frame.”

Tags
Comments (0)
    Avatar
    Attach images by dragging & dropping or by selecting them.
    The maximum file size for uploads is MB. Only files are allowed.
     
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    Posting as
    You need to be a member to post comments. Become a member for free today!