Mallesons Stephen Jaques has advised on two major corporate deals this week. The firm is advising steel giant ArcelorMittal on a $5.1 billion joint bid, with U.S. energy company Peabody Energy, for Australian coal miner Macarthur Coal Ltd. Peabody is being advised by Mallesons’ Australian rival Freehills. The firm’s Sydney partners Tony Damian and Andrew Rich are leading its team on the deal. Macarthur has turned to Corrs Chambers Westgarth for counsel. The success of the deal hinges partly on whether the bidders will win the support of China’s CITIC Group, which owns a 24 percent stake in the target. [Read full story]
Mallesons’ other deal saw the firm represent Australand Property Group, one of Southeast Asia’s largest property developers. The company has set up a $481 million joint venture with GIC Real Estate, one of Singapore’s sovereign wealth funds. Allens Arthur Robinson fielded Sydney partners Nicholas Cowie and Susan Burns to advise GIC Real Estate. [Read full story]
