Telstra Corporation Limited - T1 and T2
Mallesons Stephen Jaques acted for Telstra Corporation in relation to both the T1 and T2 transactions. The T1 transaction was the largest float in the world in 1997 and the largest ever initial public offering of an Australian company with the one-third interest sold by the Australian government being valued at over A$15.9 billion. While the Australian government was the vendor, Telstra assumed full responsibility for the prospectus.
In the T2 transaction a second public offering of a further 16.6% was made by the Commonwealth of Australia.
Sydney Airports Corporation Limited
Mallesons is acting for Sydney Airports Corporation Limited on its proposed privatisation.
We acted for ACTEW/AGL on the merger of the ACTEW's electricity business with AGL's gas business to form ACTEW AGL the first major multi-utility in Australia.
South Australian Electricity Privatisations
We advised four out of the five successful bidders in the South Australian electricity industry privatisations including Cheung Kong Infrastructure Holdings Limited and Hongkong Electric International Limited's acquisition of ETSA Utilities and ETSA Power, International Power's acquisition of the Synergen generation assets and the ABB/Macquarie/Powerlink consortium's acquisition of ElectraNet.
Victorian Electricity and Gas Privatisations
We acted for the Victorian government on the initial major electricity privatisations of distribution and generation businesses. We then subsequently acted for GPU Inc. on the acquisition of PowerNet and GasNet, International Power on the acquisition of Hazelwood Power station and AES on the acquisition of the Ecogen business.
“The depth of practice and consistent quality of its lawyers undoubtably contributes to Mallesons Stephen Jaques’ success as Australia’s premier law firm.”
The Global 50
PLC Which Lawyer? Yearbook 2005