Firm fields international team to advise on billion-dollar coal producer buy

The acquisition forms Australia’s largest pure-play coal producer

Firm fields international team to advise on billion-dollar coal producer buy

King & Wood Mallesons (KWM) has advised Yancoal shareholder Yangzhou and its parent  Yankuang on the $3.1bn acquisition of Coal & Allied from Rio Tinto.

With the acquisition, Yancoal becomes Australia’s largest pure-play coal producer. The deal adds interests in three operating, large-scale, long-life and low-cost coal mines in the Hunter Valley region of New South Wales, the firm said.

Yancoal was majority-owned by Yangzhuo before the acquisition. The deal, subject to approvals from shareholders of Rio Tinto and Yangzhou as well as regulators, is expected to close in the third quarter of the year.

Most Read

KWM fielded a cross-border team in Australia and China to advise on the deal. The team was led by partners Han Jie and Tang Lizi from KWM China and partner David Friedlander, Esther Hao and Jingchuan Zhao in Australia. They were supported by senior associate Robert Kelly and solicitor Anthony Hong.

Australasian Lawyer earlier reported that Gilbert + Tobin acted for the independent board committee of Yancoal Australia. Herbert Smith Freehills advised Yancoal in the deal.



Related stories:
Gilbert + Tobin advises on $3.27bn coal firm acquisition
KWM EU trainees rescued

Recent articles & video

Minters vet jumps to Piper Alderman

Maurice Blackburn leads class action against car giants Hyundai and Kia over fire hazard models

Ninety-two percent of in-house counsel expect law firm partners to use the latest tech: survey

New digital + innovation practice group established at Law Squared

Australian government continues to seek inputs on proposed federal judicial commission

Growth of alternative legal services providers is accelerating

Most Read Articles

K&L Gates nabs HWL Ebsworth team

W+K expands Adelaide office with six new lawyers

Canadian legaltech firm signs up seasoned vet for Australian debut

Western Australia district court welcomes new judge Mark Ritter