In a deal that was completed on 3 December 2018, ClarkeKann’s Chairman, John Toigo, represented Taiwan Power Company (Taipower) in the acquisition of part of Wesfarmers’ interest in the Bengalla Coal Joint Venture.
Taipower is an integrated electrical power utility that generates, transmits, distributes, and sells electricity in Taiwan. It generates electricity through hydro, thermal, nuclear, solar, and wind power plants and, through this deal, now holds a 20% interest in the Bengalla Coal Joint Venture, alongside New Hope Corporation and Mitsui who hold interests of 70% and 10% respectively.
John, who is also Chairman of the Australia-Taiwan Business Council, said: “Taipower has been a longstanding client of CK and I was delighted to work with them on the acquisition, which was a strategically significant move for the business.”
