Maddocks has advised Kidman Resources on its $776 million acquisition by Wefarmers.

 

Kidman is an ASX-listed company developing the world class Mt Holland Lithium Project in a 50:50 joint venture with Sociedad Quimica y Minera de Chile S.A., one of the world’s largest producers and marketers of lithium products.

 

Upon implementation of the approved scheme of arrangement, Wesfarmers will acquire 100% of Kidman.

 

The Scheme was approved by an overwhelming majority of voting shareholders on 5 September, and has received court approval. This now clears the way for the Wesfarmers acquisition to take place.

 

The Maddocks team acting for Kidman Resources on this transaction is led by partners Ron Smooker, Gina Wilson and Cath Debreceny, and includes special counsel Katherine Styles, senior associate Jacqueline Picone and lawyers Alexandra Hodsman and Sasha Di Sipio.