M&A Deal Summary

Austar Coal Mine Pty Acquires Wesfarmers Premier Coal

On December 16, 2011, Austar Coal Mine Pty acquired oil/gas exploration company Wesfarmers Premier Coal from Wesfarmers for 297M USD

Acquisition Highlights
  • This is Austar Coal Mine Pty’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Austar Coal Mine Pty’s largest (disclosed) transaction.
  • This is Austar Coal Mine Pty’s 1st transaction in Australia.

M&A Deal Summary

Date 2011-12-16
Target Wesfarmers Premier Coal
Sector Oil/Gas Exploration
Buyer(s) Austar Coal Mine Pty
Sellers(s) Wesfarmers
Deal Type Divestiture
Deal Value 297M USD

Target

Wesfarmers Premier Coal

Collie, Australia
Wesfarmers Premier Coal Limited operates an open and underground cut coal mine in Western Australia.

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Buyer(S) 1

Buyer

Austar Coal Mine Pty

Cessnock,, Australia

Category Company
Founded 2004
Sector Oil/Gas Exploration
DESCRIPTION

Austar Coal Mine Pty Limited operates a deep underground coal mine in the Newcastle Coalfields of New South Wales, Australia.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (Australia) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Wesfarmers

Perth, Australia

Category Company
Founded 1914
Sector Diversified
Employees120,000
Revenue 44.0B AUD (2024)
DESCRIPTION

Wesfarmers is a diversified Australian holdings company. Wesfarmers' business segments include supermarkets, department stores, home improvement and office supplies; coal production and export; chemicals, energy and fertilisers; and industrial and safety products. Wesfarmers was founded in 1914 and is based in Perth, Australia.


DEAL STATS #
Overall 1 of 5
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 4
Country (Australia) 1 of 4
Year (2011) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-23 Coles Group

Tooronga, Australia

Coles is a retailer, with businesses in supermarkets, general merchandise, liquor, fuel and convenience, and office supplies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-16 Wesfarmers - Insurance Underwriting Business

Australia

Wesfarmers Insurance Underwriting include Lumley and WFI in Australia and New Zealand along with a 10 year distribution agreement for Coles insurance.

Sell AU$1.8B