BOC-Auscom stake acquisition - A $100.56 m

• Entry date - Thursday, 13 November 2008
• Jurisdiction - Australia
• Practice - Equity Market
• BOC, part of Linde Group, acquired the remaining 50% stake in Auscom

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Deal summary

• BOC, part of Linde Group, acquired the remaining 50% stake in Auscom, owned by Elgas group, from its joint venture partner AGL Energy.


• Deal involved due diligence review, obtaining regulatory consents, preparing and negotiating share purchase agreement


• Transaction faced environmental, property, competition and workplace issues


• G+T previously advised AGL on asset disposals in 2007 including sale of Chilean gas distribution business GasValpo to Australian superannuation fund consortium (US$90m) and 33% stake in AlintaAGL to Babcock & Brown and Singapore Power (A$500m)