Thomsons advise Codan Limited on sale

4 July 2012


Thomsons, Adelaide Corporate Partner, Loretta Reynolds and team recently acted for Codan Limited in respect of the sale of its satellite communications division, together with the sale of its US based satellite communications subsidiary, Locus Microwave. With an upfront payment of US$9 million in cash, potentially increasing to US$13.5 million if certain financial and other objectives are achieved in the two years following the sale, the transaction completed on 30 June 2012.