NEWS

Allens advises Meridian Energy Limited on $740m sale

Energy Funds Mergers & Acquisitions Resources

Allens has advised Meridian Energy Limited (Meridian) on the $740 million sale of its Australian-based electricity generation assets and retail business, Powershop.

Meridian is New Zealand's largest electricity generator and is dual listed on the Australian Securities Exchange and the New Zealand Exchange.

'We are pleased to have advised Meridian on the sale of the Australian portion of its electricity generation and retail business. After a competitive bid process, Shell Energy Operations acquired Meridian's electricity retailer Powershop, while Infrastructure Capital Group acquired its wind farms, hydropower stations and other development assets,' said lead M&A partner Craig Henderson.

'This transaction is another example of the strong interest we are seeing in portfolios of Australian renewable energy assets and energy retail businesses,' said Energy Sector Head Kate Axup.

'Allens has had a very long association with Meridian and its Australian operations and we are delighted for them on this outcome.'

Allens legal team

M&A

Craig Henderson (Partner), Niamh Rodgers (Senior Associate), Sarah Glynn (Senior Associate), Kelsey Montgomery (Associate), Ruth Engelbrecht (Lawyer)

Projects and Development

Kate Axup (Partner), Danielle Jones (Managing Associate), Kanana Fujimori (Associate), Jazmine Elmolla (Associate), Madeline White (Lawyer), Madeleine George (Lawyer), Holly Adams (Lawyer)

Environment and Planning

Jillian Button (Partner), Naomi Bergman (Partner), Emily Johnstone (Managing Associate), Elise Rutherfurd (Associate), Astrid Reidy (Lawyer), Amy Gilbertson (Lawyer)

Real Estate & Development

Michael Graves (Partner), Zainab Mahmood (Senior Associate), Caitlin Blanchard (Senior Associate), Tina Tran (Associate), Elisabeth Sandbach (Associate)

Technology, Media and Telecommunications

Michael Park (Partner), Jamie Griffin (Senior Associate), Jake Boudsocq (Lawyer)

Intellectual Property

Tim Golder (Partner), Paul Mersiades (Associate)

Employment

Simon Dewberry (Partner), Courtney Logue (Lawyer).

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.