Squire Patton Boggs has advised the government of the Republic of Fiji in the divestment of 20% of the shares in Energy Fiji Limited (EFL) to the Fiji National Provident Fund (FNPF).
Following the divestment, the government will retain 75% of the shares in EFL, with the remaining shares held by FNPF (20%) and the general public of Fiji (5%).
The transaction valued Energy Fiji Limited at an enterprise value of FDJ$1.3 billion (AUD$870 million) and included a number of mechanisms to allow the government to undertake future divestments.
Squire Patton Boggs team was led by Simon Rear (Picture) and partners Ken Kurosu (Tokyo) and Avendra Singh (Sydney). They were supported by senior associate Fiona Meaton and associate Michael Van Der Ende.
Involved fees earner: Ken Kurosu – Squire Patton Boggs; Fiona Meaton – Squire Patton Boggs; Simon Rear – Squire Patton Boggs; Avendra Singh – Squire Patton Boggs; Michael Van Der Ende – Squire Patton Boggs;
Law Firms: Squire Patton Boggs;
Clients: Republic of Fiji ;