DLA Piper advises on the completion of Leichhardt Industrials Group's acquisition of Lake MacLeod Project

Global law firm DLA Piper has successfully advised Perth-based Leichhardt Industrials Group on the completion of its AUD375 million acquisition of the Lake MacLeod Project from Dampier Salt Limited (a subsidiary of Rio Tinto Limited).

The Lake MacLeod Project is located near Carnarvon, Western Australia and consists of a ~1.5 million tonnes per year (mtpa) solar salt operations, ~1 mtpa gypsum operation and a deepwater port at Cape Cuvier.

"This marks a transformational moment for Leichhardt. We congratulate the Leichhardt team on closing this significant transaction and we look forward to their continued success as owners and operators of a fantastic Western Australian project," said Matthew Watkins, Partner, DLA Piper.

"The Lake MacLeod Project, in addition to Leichhardt's Eramurra Solar Salt Project, provides the basis for Leichhardt to become a major salt producer in Western Australia," added Matthew.

“Our team was able to deliver a bespoke financing solution to support the completion of this transaction and support Leichhardt in achieving this important milestone,” said Owen Alcorn, Partner, DLA Piper.

The DLA Piper team was led by partners Matthew Watkins, Alex Jones and Owen Alcorn, and supported by a cross-practice team of lawyers from across the firm.