NEWS

Allens advises Ferrovial on Broadspectrum takeover

Infrastructure Global

Allens has advised Ferrovial Servicios S.A. on its successful takeover bid for Broadspectrum Limited (through its subsidiary Ferrovial Services Australia Pty Limited).

The deal occurred via an off-market takeover offer in respect of all Broadspectrum shares, with the total consideration for the deal more than $768 million.

With the involvement of Allens' alliance partner, Linklaters, the takeover was launched on 7 December 2015, the offer closed on 20 May 2016, and compulsory acquisition completed on 27 June 2016.

The transaction involved the takeover of a multinational company listed on the ASX and as such involved obtaining regulatory approvals in a number of foreign jurisdictions.

According to Guy Alexander, lead partner on the deal, the complexity of the deal showed Allens' depth of experience in public M&A and the strength of our alliance with Linklaters.

Allens legal team

Corporate: Guy Alexander (Partner), Richard Kriedemann (Partner), Vijay Cugati (Partner), Charles Ashton (Senior Associate), Hannah Biggins (Senior Associate), Adam Laidlaw (Associate), Alistair Stolz (Lawyer), Dana Harel (Lawyer) and Philip Marquet (Lawyer).

Ends

Notes for editors.

Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.