Media Release: Clayton Utz congratulates Wallenius Wilhelmsen on its agreement to sell the Melbourne International RoRo & Auto Terminal
Clayton Utz is advising Wallenius Wilhelmsen (OSL: WAWI) on the recently announced $332.5 million sale of its wholly owned subsidiary Melbourne International RoRo & Auto Terminal Pty Ltd (MIRRAT) to Australian Amalgamated Terminals Pty Ltd, a wholly owned subsidiary of Qube Holdings Limited (ASX: QUB).
The Wallenius Wilhelmsen group is a leader in roll-on/roll-off shipping and vehicle logistics, managing the distribution of cars, trucks, rolling equipment and breakbulk to customers across the world, with MIRRAT operating a dedicated roll-on, roll-off terminal servicing the Victorian market. Qube is Australia's largest integrated provider of import and export logistics services.
Joel von Thien and Justine Abel, with Samy Mansour, headed a multi-disciplinary Clayton Utz team including Ankita Choudhary, Amel Saeed and Lauren Parnaby (Corporate), Bruce Lloyd, Kirsten Webb, Sian Ooi and Paul Shin (Competition), Andrew Fry and Helen Verbovetski (Major Projects & Construction), Alison Kennedy and Kelly Taylor (Real Estate), Damien Gardiner and Robert Stilling (Environment & Sustainable Development), Kathy Santikos, Tania Chahine and Jag Appleby (Banking & Financial Services), Tim Webb and Antonia Wayne-Boyle (IP & Technology), Amanda Lyras and Cynthia Elachi (Workplace Relations, Employment & Safety) and Keshni Maharaj, Peter Feros, Andrew Sommer and Serena May (Tax).
Joel von Thien commented
On behalf of the Clayton Utz team, it was a pleasure to support Wallenius Wilhelmsen in this strategic transaction. MIRRAT has been incredibly successful both commercially and financially, and the sale demonstrates the values created in Wallenius Wilhelmsen logistics business.
Completion of the transaction is expected in Q3 of 2024, subject to the satisfaction of certain conditions including regulatory and contractual approvals.