Saudi Arabian Oil Company (Aramco) has recently signed definitive agreements to acquire a 10% stake in Rongsheng Petrochemical Co. Ltd. for RMB 24.6 billion (USD 3.6 billion). The acquisition deal will bolster Aramco’s downstream presence in China and create a strategic association between the companies. Aramco Overseas Company, a wholly-owned subsidiary of Aramco, will acquire […]
Deal & transactions
Egypt
Transport
Baker McKenzie: Hutchison Ports awarded new concessions in Egypt
Hutchison Ports, a renowned port investor, developer, and operator, has been advised by global law firm Baker McKenzie on two new concessions in Egypt, in addition to related shareholding arrangements. The investment, which amounts to
Dubai-based National Paints Holding (‘NPH’) has raised its mandatory tender offer’s (MTO) price for Paints and Chemical Industries (‘Pachin’) to EGP 34 per share, upping it from its initial November offer of EGP 29
Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to Hasan Allam Utilities, the investment and development arm of Hassan Allam Holding, in its joint venture with Agility, the industrial development specialist, to establish
Zaki Hashem & Partners has provided legal counsel to V.Group and Antipollution for their joint venture with Suez Shipyard Company and Canal Company, both fully-owned subsidiaries of the Suez Canal Authority, and businessman Eric
Deal & transactions
Egypt
Energy & Trading
Norton Rose and Al Kamel Law on the acquisition of Lekela
Infinity Power Finalizes Acquisition of Lekela Power in Africa’s Biggest Renewable Energy Deal The Advisors Norton Rose Fulbright, Al Kamel Law, Cantor Fitzgerald, Absa CIB, Ernst & Young and AFRY advised Infinity Power on
Zaki Hashem & Partners (ZH&P), Attorneys at Law, has acted as the legal advisor to Alexandria Port Authority in connection with the concession agreement of B100, a new container terminal at El Dekheila
Deal & transactions
Saudi Arabia
TMT
United Arab Emirates
DLA Piper: Zain Group ventures into E-Sports and Cloud Services
ZainTech, the one-stop digital and ICT solutions powerhouse of Zain Group, advised by DLA Piper Middle East, has entered into a USD45 million agreement for the complete acquisition of BIOS Middle East, a regional managed
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Baker McKenzie and CMS on Aldar acquisition of Nurai Island
International law firms Baker McKenzie and CMS have advised on the sale of Nurai Island, an ultra-luxury boutique private island resort off the coast of Abu Dhabi, to Aldar Properties (“Aldar”), a major real estate
Banking & Finance
Deal & transactions
Saudi Arabia
Dentons advises on Saudi’s Shareek program first round of projects
Dentons has extended its counsel to Saudi Arabia’s Ministry of Investment (MISA) regarding seven out of twelve economic support agreements that are part of MISA’s initial set of projects backed by the Private
