Fiji National Provident Fund Board’s Acquisition Of Shares In Energy Fiji Limited

Ashurst is advising the Fiji National Provident Fund Board on its acquisition of 20% of the total issued ordinary shares in Energy Fiji Limited.

EFL is the primary electricity generator in Fiji, owning a significant number of hydro and thermal fuel power stations. It is also the only energy retailer and owns and operates the transmission and distribution networks in Fiji. EFL was previously a state-owned statutory body that was corporatised as part of a significant energy regulatory change in Fiji.

FNPF is Fiji’s largest financial institution, and the only superannuation fund in Fiji mandated by law to collect compulsory superannuation contributions, as well as being one of the largest property owners in the country.

The Ashurst team was led by corporate partner Kylie Lane (Picture), with support from associate Ryan Kabat and graduate John Saunders. Competition and energy advice was provided by partner Justin Jones and senior associate Felicity Lee. Partner Matthew Bubb advised on banking while partner Rehana Box, senior associate Alex Nash and associate Kirstie Underwood advised on insurance. Advice on environmental aspects came from partner Jeff Lynn and senior associate Jane Hall. Consultant Richard Brooks advised on property with support from associate Tammy Kamil. Disputes advice was provided by partner James Clarke and associate Nicholas Mills, intellectual property advice from partner Stuart D’Aloisio and associate Carrick Brough, and digital economy advice from partner Emma Butler and senior associate Caroline Hogan. Partner Jane Harvey and senior associate Daniel Fawcett provided advice on employment aspects.

Involved fees earner: Rehana Box – Ashurst; Richard Brooks – Ashurst; Carrick Brough – Ashurst; Matthew Bubb – Ashurst; Emma Butler – Ashurst; James Clarke – Ashurst; Stuart D’Aloisio – Ashurst; Daniel Fawcett – Ashurst; Jane Hall – Ashurst; Jane Harvey – Ashurst; Caroline Hogan – Ashurst; Justin Jones – Ashurst; Ryan Kabat – Ashurst; Tammy Kamil – Ashurst; Kylie Lane – Ashurst; Felicity Lee – Ashurst; Jeff Lynn – Ashurst; Nicholas Mills – Ashurst; Alex Nash – Ashurst; Kirstie Underwood – Ashurst;

Law Firms: Ashurst;

Clients: Fiji National Provident Fund;

Author: Michael Patrini