Ashurst has advised Crown Resorts Limited on the A$62.5 million sale of its interest (through certain security holdings) in part of the property and operations of the Ellerston golf course in the Hunter Valley to Consolidated Press Holdings Pty Limited and an entity associated with Ms Gretel Packer.
Following completion of the sale, Crown will have ongoing access rights to the golf course and other facilities at Ellerston in line with its commitment to the NSW Government.
The sale has been approved by Crown’s independent directors and is expected to complete at the end of January 2018.
The team was led by partner Anton Harris (Corporate, in picture) and included senior adviser – M&A Garry Besson, senior associate Ellen Zhang and graduate Jamie Bang (Corporate); counsel Tim Macmillan (Banking); with senior associate Elke Bremner (Tax).
Law Firms: Ashurst;
Clients: Crown Resorts Ltd.;