Porter Hedges Represents Synthesis Energy Systems in its $36 Million Acquisition of Australian Future Energy
Porter Hedges represented Synthesis Energy Systems, Inc. (SES) (NASDAQ: SES) in connection with a transaction with Australian Future Energy Pty Ltd (AFE), a private company incorporated in Brisbane, Australia, whereby AFE will merge with a wholly owned subsidiary of SES. As a result of the transaction, AFE will become a wholly owned subsidiary of SES. The mutually agreed purchase value of AFE is approximately $36 million. The transaction is expected to close in the first quarter of 2020.
About Synthesis Energy Systems, Inc.
Synthesis Energy Systems (SES) is a Houston-based technology company focused on generating clean, high-value energy from low-cost and low-grade coal, biomass and municipal solid waste through its proprietary technology for conversion of these resources into a clean synthesis gas (syngas) and methane.
About Australian Future Energy Pty Ltd
Australian Future Energy (AFE) is a privately owned Australian company established to secure an ownership position in local resources, such as coal and biomass, for production of fuel gas and synthetic natural gas for use in power generation and the production of agricultural chemicals using SES gasification technology.
For additional information, please see the SES press release here.