Latham & Watkins has advised Chimera Abu Dhabi (Chimera) on its equal joint venture with Haeres Capital (Haeres) to create ChimHaeres Investment Holding (ChimHaeres), an investment vehicle that will deploy its capital towards the acquisition and expansion of luxury and lifestyle brands, with a particular initial focus on Italy, France, Switzerland, and the United Kingdom. […]
Deal & transactions
Egypt
Energy & Trading
Other
Qatar
Libya’s Zliten power plant to be built by Qatari-Egyptian consortium
General Electricity Company of Libya (‘GECOL’) has entered into a Euro1.19bn (USD1.3bn) contract with an Egyptian-Qatari consortium for the construction of the Zliten power station. The power station will be supplied
Shalakany advised Liquid Intelligent Technologies on the 100% acquisition of Cysiv MEA, specialists in the cyber security services sector, advised by Baker Mckenzie Egypt. Liquid Intelligent Technologies is a technology group that operates in the areas
Deal & transactions
TMT
United Arab Emirates
e& to acquire majority stake in Careem’s Super App for USD400m
Global technology and investments group e& has entered into a binding agreement with Uber Technologies and its subsidiary Careem to acquire a 50.03% majority stake in the spinout — Careem Technologies — with a USD 400
Deal & transactions
Oil & Gas
Saudi Arabia
Aramco acquires 10% Stake in China’s Rongsheng Petrochemical
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
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
