Australian firm Minter Ellison teamed up with Indian independent Amarchand Mangaldas to advise opposite Clifford Chance on GVK Group’s $1.26bn (£807m) acquisition of a majority stake in Australian coal mines owned by Hancock Group.
As part of the deal, the Hyderabad-based GVK Group acquired up to 79 per cent of the Alpha and Alpha West coal projects in Queensland’s Galilee Basin, one of the world’s largest coal development projects.
In addition, it is taking hold of the adjacent Kevin’s Corner coal project as well as some of the rail and port project connecting them to other project ports.
Of the $1.26bn transaction value, $500m will be paid up front, with the remainder made up over various stages of the deal process.
GVK was advised by Amarchand Mangaldas’ Mumbai office, which fielded a team led by partner L Viswanathan.
Minter Ellison advised the infrastructure company on Australian matters, with advice led by partners Sam MacGibbon, Paul Wentworth and Allison Warburton.
Clifford Chance Perth partners Ian Cochrane and Jon Carson acted for Australian infrastructure company Hancock.