King & Wood Mallesons Advises on $1.3 Billion Australian Pipeline Takeover

, The Asian Lawyer

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King & Wood Mallesons is advising Australian pipeline operator APA Group on its proposed $1.3 billion takeover of fellow natural gas distributor Envestra Ltd.

APA, the largest nat-gas distributor in Australia, already owns a 33 percent share of Adelaide-based Envestra and is offering $1.04 a share for the remaining majority stake. The deal will allow APA to diversify and expand its national pipeline network, according to a company statement.

An independent board committee at Envestra has agreed to put the proposal before shareholders. If approved, the deal is expected to close next June.

King & Wood Mallesons Melbourne partner Stephen Minns and Sydney partner Dominic Bortoluzzi are advising APA on the deal.

Johnson Winter & Slattery Sydney partner John Keeves and Adelaide partner Gordon Radford are representing Envestra.

Email: azhang@alm.com.

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