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Tax changes spur Centennial Coal takeover bid
Freehills is advising Centennial Coal Company Limited (Centennial) on its $2.5 billion recommended takeover bid by Stock Exchange of Thailand-listed Banpu Public Company Limited through its…
Lawyers Weekly
Freehills is advising Centennial Coal Company Limited (Centennial) on its $2.5 billion recommended takeover bid by Stock Exchange of Thailand-listed Banpu Public Company Limited through its wholly owned subsidiary Banpu Minerals (Singapore) Pty Ltd (Banpu), advised by Norton Rose.
It is also the first major deal in the mining sector since last week's announcement regarding the minerals resources rent tax on iron ore and coal assets.
"With some of the uncertainty of the resources super profits tax (RSPT) now behind us, this could be the start of a renewed round of mergers and acquisitions in the resources sector," said Freehills partner Tony Damian.
The Freehills team was led by partners Tony Damian and Andrew Rich, with support from lawyers Ben Jones, Li-Lian Yeo and Mark Nam, while the Norton Rose team was led by James Stewart with senior associates Roger Hawkins and Jyoti Singh in support.
