AWR Lloyd assisted Banpu Plc as an internal M&A advisor on the acquisition of an underground coal miner American Asian Coal Inc. (‘AACI’). This increased Banpu’s equity reserves by 107Mt. Negotiations between Banpu and the former AACI owners about a prospective transaction took place in the last half of 2007 and over the first half of 2008. Our work assignment included: Strategic advice, Negotiation strategy, Due diligence and risk analysis Valuation of AACI, Deal Structuring, Documentation and regulatory guidance, Investor relations and communication,