Lumen Technologies (“Lumen”), a multinational technology company, entered into an exclusive arrangement for the proposed sale of Lumen’s Europe, Middle East and Africa (“EMEA”) business to digital infrastructure company Colt Technology Services (“Colt”) for USD1.8 billion. The envisaged transaction would involve the divestiture by Lumen of its EMEA business, including its terrestrial and subsea networks, data […]
German rail mobility solutions provider, Deutsche Bahn International Operations (“Deutsche Bahn”), part of DB E.C.O. Group; and Elsewedy Electric have signed a 15 years operations and maintenance agreement with National Authority
Deal & transactions
Energy & Trading
United Arab Emirates
Majid AlFuttaim committed to enhancing plastic pollution awareness
The 27th Conference of the Parties (“COP27”), currently being held in Egypt, witnessed the signing of a Memorandum of Understanding (“MoU”) between Majid Al Futtaim Holding Company, the UAE Ministry of
Deal & transactions
Other
Transport
Asafo & Co. advised Forafric in its acquisition into Groupe Sahel
Asafo & Co. advised Moroccan miller Forafric Global (“Forafric”) on its acquisition of a controlling interest in Groupe Sahel, a major cereal industry producer in the Sahel region. Forafric is the leader in flour
Deal & transactions
Transport
United Arab Emirates
Global Feeder Shipping sells majority stake to Abu Dhabi Ports
Dubai-based Global Feeder Shipping (“GFS”), a feeder and container shipping provider, has signed an agreement to sell 80% of their stake in GFS to Abu Dhabi Ports Group (“ADP”), a UAE-listed end-to-end logistics business.&
Deal & transactions
TMT
United Arab Emirates
Clifford Chance advises MVP Tech Group on sale to Convergint
MVP Tech Group, a UAE-based security, IT Infrastructure and software engineering company serving private enterprises and government clients, has successfully completed the sale of its business to Convergint, a US-based global in service-based systems
Deal & transactions
Energy & Trading
Saudi Arabia
APICORP signs a USD75m Islamic facility for Voluntary Carbon Offsets
The Arab Petroleum Investments Corporation (“APICORP”), an energy-focused multilateral development financial institution, has signed a USD75 million Murabaha agreement in favour of Hartree Partners Power & Gas Company (UK), an affiliate of global energy and
Renewable energy solutions provider Scatec along with its partners Fertiglobe (the strategic partnership between OCI N.V. and ADNOC), Orascom Construction, and The Sovereign Fund of Egypt, has announced the start of the commissioning
Deal & transactions
Fashion, Luxury & Design
United Arab Emirates
Chalhoub Group acquires majority stakes in Threads Styling
Luxury retail operator, Chalhoub Group has acquired a majority stake in Threads Styling, a London based digital luxury retailer and personal shopping platform. Chalhoub Group acquired all shares of Threads Styling, with the exception of
Deal & transactions
Food & Beverage
Other
ECCBC acquires Morocco-based Atlas Bottling from Diana Holding
Equatorial Coca-Cola Bottling Company (“ECCBC”), a bottler of The Coca-Cola Company in North and West Africa, has reached an agreement, through its Moroccan subsidiaries, to acquire the bottler of Coca-Cola in the northern and eastern
