Global legislation agency DLA Piper has suggested Spanish utility big Iberdrola on its AUD893 million takeover of Infigen Energy (ASX:IFN).
This acquisition permits Iberdrola to determine a beachhead in Australia through getting one of many nation’s most important renewable power firms, strongly complementing its Port Augusta hybrid farm mission permitted in January 2020, and positioning it to take part within the vital anticipated progress within the Australian renewable market.
DLA Piper’s cross-border, cross-practice workforce was led by Inigo Gomez-Jordana in Spain and James Stewart in Australia, supported by companions Tom Fotheringham and Lyndon Masters, as well as particular counsel Roger Hawkins and solicitor Tarrant Sewell.
The DLA Piper workforce was in a position to help Iberdrola by means of the complexities of the Foreign Investment Review Board approval course of, not too long ago amended because of the COVID-19 disruption, and expedited an approval inside weeks.
Inigo Gomez-Jordana and James Stewart famous: “We are delighted that our client Iberdrola has successfully completed the takeover of Infigen Energy. Our team was perfectly placed to advise our client on this cross-border transaction, particularly relating to strategies to address a competing bidder and obtaining Foreign Investment Review Board approval. This is a fantastic result for Iberdrola, and we are excited to see them expand into the Australian market.”