Carson McDowell advises AES on sale of Cloghan Point oil terminal
11 April 2017
A cross-disciplinary team of lawyers led by corporate partner Gerard Armstrong and real estate partner Dawson McConkey advised AES on their sale of the Cloghan Point oil terminal to LCC Group which completed in March 2017.
Cloghan Point oil terminal is a major coastal landmark, located on the shores of Belfast Lough near Carrickfergus with a jetty which stretches 1,225 metres into Belfast Lough.
Gerard said, “We were delighted to work with the AES team on the Cloghan Point sale. This transaction made excellent commercial sense for both parties, with LCC Group making a valuable strategic addition to its energy infrastructure assets and AES realigning its portfolio to support future growth. This is a deal where both parties are very much the winners.”