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Australian Miner Will Seek Baker & Mckenzie's Advice on Bidding and Appraisal Process

10/06/11

Australian miner will seek Baker & McKenzie

's advice on bidding and appraisal process

New Hope, an Australian coal mine operator, would consider takeover offers submitted via a formal auction. Baker & McKenzie will advise the firm on the bidding and appraisal process. The bidding route is likely to be held over several months and will not essentially result in a proposal from the company's board. Aussie miner has been seeking Baker McKenzie's advised on a number of transactions in the past; including the sales of its New Saraji coal mines in Queensland for $2.45 billion in 2008. In 2005, Baker advised New Hope to sell its Indonesian coal assets for nearly $400 million.

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