Cheung Kong Infrastructure Holdings Limited’s acquisition of 100% of DUET’s outstanding stapled securities


Allens has advised energy utility and infrastructure operator DUET Group (DUET) in relation to a consortium proposal led by Cheung Kong Infrastructure Holdings Limited to acquire 100 per cent of DUET’s outstanding stapled securities for $7.3 billion.

The DUET Boards have unanimously recommended the offer by a consortium comprising Cheung Kong Infrastructure Holdings Limited, Cheung Kong Property Holdings Limited and Power Assets Holdings Limited.

The scheme implementation agreement was signed over the weekend.

Allens has advised DUET Group with Marc Kemp (Picture) (joint lead Partner), Stuart McCulloch (joint lead Partner), Andrew Wong (Mergers & Acquisitions Counsel), James Kanabar (Senior Overseas Practitioner), Charles Ashton (Senior Associate) and Isaac Wall (Lawyer).

Involved fees earner: Stuart McCulloch – Allens; Andrew Wong – Allens; Charles Ashton – Allens; Marc Kemp – Allens;

Law Firms: Allens;

Clients: DUET Group;

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Author: Michael Patrini