Ashurst has advised Mitsubishi Corporation on the acquisition of Port Bonython Fuels Pty Ltd from Stuart Petroleum Fuels Pty Ltd, a wholly owned subsidiary of ASX-listed Senex Energy Limited.
Port Bonython Fuels Pty Ltd owns a terminal project involving the construction of liquid hydrocarbons including refined petroleum (eg diesel, motor spirit etc) handling, storage and distribution facilities at Port Bonython in the upper reaches of Spencer Gulf.
Lead partner on the matter, Ian Williams, said: “We are delighted to assist Mitsubishi Corporation with another strategic acquisition in the energy business in Australia.”
Mitsubishi Corporation is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business.
The acquisition is of strategic importance to Mitsubishi Corporation and is consistent with its desire to strengthen its existing operations in the resources and energy sectors.
The Ashurst team was led by partner Ian Williams, senior associate Jonathan Ross and lawyer Aaron Shute supported by partners Andrew Carter and Ian Kellock, senior associates, Michael Sukkar and Tim Loh and lawyer Michael Watts.
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