12 Oct 2012

Clayton Utz advises on sell-down of shares in QR National

Brisbane, 12 October 2012: Clayton Utz has acted for Queensland Treasury Holdings (QTH) on its A$1.5 billion sell-down of shares in ASX-listed QR National Limited. Clayton Utz was retained by QTH to advise it on the sell-down, which comprised a A$0.5 billion block trade to institutional investors that settled yesterday, and a A$1 billion buy-back by QR National (subject to shareholder approval).

Corporate partners Tim Reid and Stuart Byrne led the Clayton Utz team advising QTH with support from senior associates Richard Knott and Natalie Krahe.

Tim Reid commented "Clayton Utz is pleased to have been able to assist QTH in completing the transaction which represents a good outcome for the State."

Stuart Byrne said "It was exciting to work closely with QTH and Rothschild on such an important transaction".

The firm's role underlines the premier reputation of the Clayton Utz Capital Markets team in the market.

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.