MinterEllison helps sell Hobart International Airport stake

by |

MinterEllison experts advised Tasplan on the sale of a stake in the company that owns Hobart International Airport.

Tasplan is the trustee for the Tasplan Superannuation Fund, which sold a 19.9% stake in Tasmanian Gateway Holdings Corporation (TGHC), which owns the airport. Tasplan Super retained a 30% stake in TGHC.

The deal is part of the acquisition of a 70% stake in TGHC by a consortium formed by Queensland Investment Corporation (QIC) and Dutch-based airport operator, Royal Schiphol Group (Schiphol). The whole deal’s value is about $600m, MinterEllison said.

The firm said it advised on all aspects of the transaction, including corporate and tax advice. It also counselled Tasplan on the review of transaction documents, considering the client’s interests as both a seller and ongoing shareholder.

The MinterEllison team was headed by partner Ben Liu and Kate Koidl. They were supported by lawyer Emma O’Bryan.

Partners Adrian Varrasso, Geoff Earl, Richard Murphy, Tony Dhar, Bastian Gasser, and John Riley; special counsel James Hamblin; senior associate Amanda Marinakis; associate Amanda Newell; and lawyer Lucy Wang were also part of the team.

King & Wood Mallesons earlier confirmed that it advised Macquarie Infrastructure and Real Assets, which had its Global Infrastructure Fund III sell its 50.1% stake in TGHC.