Baker & McKenzie has advised Easternwell Group shareholders on the A$575 million sale to Transfield Services Limited (ASX: TSE). The sale was announced on Monday 13 December 2010.
Easternwell Group is a leading Australian services provider to the mining, oil and gas, and infrastructure sectors. Transfield Services Limited is one of Australia’s leading oil and gas service providers.
The sale remains conditional on Transfield Services’ funding requirements, including the accelerated non-renounceable entitlement offer also announced on Monday 13 December 2010. Easternwell Group had been preparing for a dual track sale process but elected to sell to Transfield Services.
Brendan Wykes, partner in Baker & McKenzie’s corporate group, led the transaction team.
Commenting on the transaction, Brendan Wykes said, “We are very pleased to have advised the shareholders of Easternwell Group on this sale with a demanding timetable.”
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