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US-listed company completes cross-border merger with Australian renewable energy company
American special purpose acquisition company (SPAC) Nabors Energy Transition Corp has been advised on its US$586 million cross-border merger with leading Australian renewable energy company Vast Solar.
Jerome Doraisamy
Firm: King & Wood Mallesons (Nabors Energy Transition Corp (NETC))
“The combined entity will be named Vast Limited and, as part of the transaction, Vast is expected to be listed on the New York Stock Exchange while remaining headquartered and incorporated in Australia,” KWM noted in a statement.
Area: Corporate, financial services
Value: US$586 million
Key players: The KWM team was led by partners David Friedlander and Nicola Charlston, who were supported by senior associate Richard Hanson and solicitors Clare Magee and Stephen Catros, partner Berkeley Cox and solicitor Trishala Shah, partner Greg Protektor, partner Angela Weber and solicitor Jedda Bamford.
Deal significance: Ms Charlston said: “We’re delighted to have advised NETC on this market-leading transaction.
“This deal is indicative of the continued interest we are seeing in major energy and resources companies developing their capabilities in the renewable energy space, and it will be great to have another Australian company listed on NYSE.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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