$5.1 billion Whitehaven Coal and Aston Resources merger

$5.1 billion Whitehaven Coal and Aston Resources merger

McCullough Robertson is one of two firms appointed to advise on the transaction that will create the largest ASX listed independent coal company.  We are assisting Whitehaven Coal Limited on the all scrip merger-of-equals with Aston Resources Limited, and its simultaneous acquisition of Boardwalk Resources.

The merger, valued at approximately $5.1 billion, represents one of the largest announced coal deals in the Australian market in 2011.

Our team has brought its considerable knowledge and experience of the resources sector to allow both parties to navigate this highly complex and landscape changing deal, with the transaction creating a major force in Australian coal.

Aston Resources and Whitehaven Coal have entered into a Scheme Implementation Agreement under which they have agreed to merge via a Scheme of Arrangement.

This transformative and exciting transaction will create one of Australia’s leading independent coal producers with a high quality portfolio of producing mines, major development projects and exploration assets.

The team included lawyers from our Brisbane and Newcastle offices, with the depth and breadth of our interstate resources expertise working together to assist in the transaction.