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
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)
Tim Golder (Partner), Paul Mersiades (Associate)
Simon Dewberry (Partner), Courtney Logue (Lawyer).