Global law firm White & Case has advised Abu Dhabi Future Energy Company (Masdar), Abu Dhabi’s renewable energy company, on its joint venture with Iberdrola Group, the Spain-based international energy group engaged in electric power generation, transmission and distribution. Abu Dhabi Future Energy Company (Masdar) and Iberdrola have formed a joint venture to develop and operate […]
Deal & transactions
News
Real Estate, Construction & Infrastructure
Saudi Arabia
Linklaters advises on Neom’s US$5.6B smart city deal
Neom, the planned smart city in northwest Saudi Arabia, has reached a significant milestone in its development with the finalization of contracts worth SAR 21 billion ($5.6 billion) in investments. The contracts, part of a large-scale public-private
Asafo & Co. provided legal services to Advanced Finance and Investment Group (“AFIG Funds”) on its acquisition of Nouvelle Mici-Embaci (“NME”) from Holea Holding, the parent company of Groupe Carré d’Or, an agro-industrial conglomerate
Mazghouny & Co Projects & Infrastructure team has assisted Scatec with the review of the agreement executed with the New and Renewable Energy Authority (NREA) for granting access to the site. Mazghouny & Co has
Deal & transactions
TMT
United Arab Emirates
Allen & Overy advises on Hub71’s latest start-up Intake
Allen & Overy has acted as legal counsel for Hub71, Abu Dhabi’s global tech ecosystem, on the development of its incubator investment framework. This framework will facilitate the integration of the latest cohort of
Deal & transactions
Qatar
Transport
Norton Rose Fulbright on GTS acquisition of MV Ripley Prosperity
Global law firm Norton Rose Fulbright has provided legal counsel to Global Trading and Shipping (GTS) in its recent acquisition of MV Ripley Prosperity. The acquisition marks another milestone for GTS, a shipping company established
Deal & transactions
Food & Beverage
Other
Akin: Mubadala Capital’s Thrive Foods Acquires Groneweg Group
Akin has provided legal counsel to Mubadala Capital and its portfolio company, Thrive Foods, a freeze-dried products manufacturer, in their acquisition agreement with global supplier of freeze and air-dried ingredients, Groneweg Group, also known as
ADNA, a prominent legal firm, provided advisory services to Pertamina, the Indonesian state oil company, in their recent collaboration with Sonatrach Group and Repsol in Algeria. The collaboration involved the signing of a production-sharing contract
Deal & transactions
Energy & Trading
Other
Eni and Vår Energi to acquire Neptune Energy Group for $4.9B
Eni International (“Eni”) along with Vår Energi (“Vår”) have reached an agreement to acquire Neptune Energy Group Limited (“Neptune”) for an aggregate enterprise value (subject to customary adjustments) of $4.9 billion. Founded in 2015 in
Banking & Finance
Deal & transactions
United Arab Emirates
Clifford Chance with Lenders in Network International’s £2.2B Offer
International law firm, Clifford Chance, provided legal counsel to Abu Dhabi Commercial Bank (ADCB), First Abu Dhabi Bank (FAB), HSBC, and Standard Chartered Bank (SCB) in relation to Brookfield’s recommended offer for Network International
