DLA Piper advises Australian solar salt company Leichhardt Industrials Group on transformative acquisition of Lake MacLeod Project

DLA Piper advises Australian solar salt company Leichhardt Industrials Group on transformative acquisition of Lake MacLeod Project

DLA Piper is pleased to announce its role advising Leichhardt Industrials Group on its AUD 375 million acquisition of the Lake MacLeod Project located near Carnarvon, Western Australia from Dampier Salt Limited (a subsidiary of Rio Tinto Limited) and its associated acquisition financing.

Headquartered in Perth, Leichhardt is an independent and privately owned solar salt company. Leichhardt currently owns the Eramurra Salt Project located near Karratha.

“This is a strategically important and transformative step for Leichhardt and we are delighted to have had the opportunity to advise the Leichhardt team on this transaction,” said Matthew Watkins, Partner, DLA Piper.

“The Lake MacLeod Project complements Leichhardt’s existing Eramurra Solar Salt Project which is undergoing feasibility assessment and provides the platform for Leichhardt to become a significant salt producer in Western Australia.”

“We were pleased to have been able to structure, negotiate and implement a bespoke financing solution to support the execution of this transaction,” said Owen Alcorn, Partner, DLA Piper.

The DLA Piper team was led by partners Matthew Watkins, Alex Jones and Owen Alcorn, and were supported by colleagues across the firm – including partners Leanne Nickels, Adam Smith, Nicholas Boyle and Eagul Faigen, special counsel Nick Sceales, senior associates Kirsty Hall, Sharon Carey, Matt Roberts and Jason Carli, and solicitors Joshua Scoles, Mariko Hunt, Luke Kavenagh and Madina Eira.

The team looks forward to supporting Leichhardt in achieving completion of the acquisition and assuming management control of the project.