Ashurst advises TerraCom Limited on unilateral takeover of Universal Coal Plc

Universal Coal has a portfolio of production, development and exploration assets located across South Africa's major coalfields. TerraCom Limited is a coal producer in Australia and focuses on acquiring, building and operating a large portfolio of assets in the resource and energy sector in multiple jurisdictions.

The offer, comprising a mixture of cash and share consideration, is made by TCIG Resources Pte Ltd, a wholly owned subsidiary of TerraCom Limited.

The Ashurst team was led by corporate partners Karen Davies and Nick Terry in London and Melbourne respectively. Senior associate Maria McAlister and associate Demi Pham assisted from London, and senior associates Miao Qun Unsworth-Tang* and Wendy Hsu from Australia.

*Miao Qun is admitted in England & Wales, not admitted in Australia.