Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 18-12-2014 | Practice Area: | Corporate and M&A |
| Deal Title: | Pacific Basin Shipping Sale of PB Towage Australia | Industry: | Industrial Transportation |
| Description: |
Herbert Smith Freehills advised Pacific Basin Shipping on the sale of its shareholding in PB Towage Australia (PBTA) and a harbour tug and barge owned by another of its subsidiaries to Smit Lamnalco.
The combined AUD74 million sale of PBTA, which included its harbour towage operations and 16 harbour tugs and the additional harbour tug and barge, marked Pacific Basin's exit from its harbour towage business and activities.
Herbert Smith Freehills Asia Corporate Head Austin Sweeney led on the deal with assistance from Hong Kong-based senior associate Katie Hill.
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| Financial Center: | Hong Kong | Value: | 0.00-100.00 |
| Advised Party: | Vendor | Law Firm | Herbert Smith Freehills |
| Target Company Jurisdiction: | Australia | Acquiror Jurisdiction: | Netherlands |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Austin Sweeney |
