Allens acts for CKI on APA takeover

By Kate Axup, Wendy Rae, Richard Kriedemann, Ted Hill
Energy Global Infrastructure Mergers & Acquisitions

Allens has advised a consortium led by CK Infrastructure (CKI) on a proposed A$13 billion acquisition of listed Australian energy infrastructure business, APA.

The deal has been structured by way of a scheme of arrangement and is subject to Foreign Investment Review Board and Australian Competition and Consumer Commission approvals.

The Allens team was led by Projects Partner, Kate Axup, M&A Partners, Wendy Rae and Richard Kriedemann; and Competition Partner, Ted Hill.

Wendy Rae and senior associate, Nick Kefalianos are working on the FIRB approval process.

Allens' alliance partner Linklaters advised the consortium on their Hong Kong Stock Exchange requirements.

Commenting on the deal Kate Axup said: 'CKI has been an investor in Australian infrastructure for nearly 20 years. We are delighted to be working with the CKI team on this very significant transaction.

'This project adds to our CV of involvement in large-scale infrastructure M&A,' Kate said.

The scheme is scheduled to be implemented in mid-December (subject to regulatory and shareholder approvals).


Allens legal team

M&A Corporate: Lead Partners, Wendy Rae  and Richard Kriedemann; Andrew Wong; M&A Counsel; Nick Kefalianos, Senior Associate; Sarah Glynn, Associate; Elysia Longo, Associate; and Bridgette Gorman, Law Graduate.
Projects and Development: Lead Partner, Kate Axup; Danielle Jones, Senior Associate; Kanana Fujimori, Associate ; Luisa Colosimo, Associate; Rujuta Natu, Lawyer and Katy Milne, Law Graduate.
Competition: Lead Partner, Ted Hill; David Mierendorff, Senior Associate .


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.