GVK-Hancock Group projects acquisition

A $1,689.03 m
  • Entry date - Wednesday, 23 November 2011
  • Jurisdiction - Australia, India
  • Practice - .
  • GVK-Hancock Group projects acquisition

  • Firm
    Amarchand & Mangaldas & Suresh A. Shroff & Co.
  • Client
    GVK Infrastructure
  • Lead Lawyers
    L Viswanathan
  • Role
    Indian counsel to acquirer
  • Firm
    Clifford Chance (Beijing)
  • Client
    Hancock Group
  • Lead Lawyers
    Ian Cochrane, Jon Carson
  • Role
    Australian counsel to target
  • Firm
    Minter Ellison
  • Client
    GVK Infrastructure
  • Lead Lawyers
    Paul Wentworth, Sam MacGibbon
  • Role
    Australian counsel to acquirer


DEAL SUMMARY
·         GVK Power & Infrastructure’s acquisition of Australian coal, port and rail projects from the Hancock Group for $1.26 billion

·         GVK is a leading infrastructure developer in India and deal ensures secure coal supplies for future power plant projects in India

·         Deal is structured as a share acquisition and the financial close of the deal is expected in 2012


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