Arnold Bloch Leibler has acted for longstanding client, Greening Australia, in relation to the Commonwealth Bank of Australia's (CBA) minority equity investment in Nindethana Seed Service (Nindethana), Australia's largest native seed merchant.
Greening Australia, a not-for-profit environmental organisation and majority shareholder of Nindethana, was founded in 1982 to protect, restore and conserve Australia’s native vegetation.
Native seed is a key input for large-scale restoration projects and the growing demand for quality native seed significantly outstrips current supply. This latest partnership with CBA aims to transform Australia's emerging environmental markets and unlock the supply of high quality, high integrity carbon credits.
The transaction was led by Public Interest Law partner, Peter Seidel and Corporate and M&A special counsel, Emily Simmons, with the assistance of lawyer, Billy Sakis.
Emily congratulated Greening Australia on the transaction: "It was an honour to act for Greening Australia in this milestone transaction and I am excited to see the impact this transformative investment has on Australia’s carbon market".
"It was an honour to act for Greening Australia in this milestone transaction and I am excited to see the impact this transformative investment has on Australia’s carbon market".
Peter also commented: "This transaction is a testament to the strong partnership we have cultivated with Greening Australia over many years".
Greening Australia's CEO, Brendan Foran said: “CBA’s investment in Nindethana brings the capital needed to help transform this market. It ensures that environmental restoration work undertaken in future years also benefits local communities, the economy and ecosystems.”
