Pinsent Masons with Dutco on Gulf Colba controlling stake sale
Pinsent Masons’ Dubai corporate team, led by William Reichert with assistance from Millie Hubbard, have advised Dutco Group on the disposal of its controlling stake in Gulf Cobla, an international dredging and land reclamation business, to Blue Five Capital.
As part of the transaction, BlueFive Capital will acquire the entire 49% shareholding held by Advanced Dynamics Investments, an affiliate of Saudi Binladin Group, together with a 21% stake from Dutco Group. Following the transaction, Dutco will continue to remain a shareholder in Gulf Cobla with a 30% stake in the company.
