Etisalat Egypt by e& and The Sovereign Fund of Egypt (TSFE) have partnered together to launch the new company Erada Microfinance. Enabled by fin-tech, Erada is granted license allowing access to a diversified set of innovative financial products for Micro and Small Enterprises to expand their businesses. The founders and shareholding structure of Erada in […]
Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Arabian Internet and Communications Services Company (“solutions by stc”) on the acquisition of 100% of Contact Center Company (“ccc by stc”) from Saudi Telecom Company and ESM Holdings. Valued at
Deal & transactions
Egypt
Energy & Trading
Apex acquires and finances concessions in Egypt’s western desert
Herbert Smith Freehills has advised Apex International Energy (“Apex”) on its acquisition of interests in four concessions in the Western Desert region of Egypt from IEOC Production (“IEOC”), a subsidiary of Eni. Apex International Energy
Global law firm White & Case has advised Saudi Arabian Oil Company (“Saudi Aramco”) on its heads of agreement with China Petroleum & Chemical Corporation (“Sinopec”) to build a refinery and petrochemical project in Gulei
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
ALEC Engineering and Contracting acquires Target Engineering
ALEC Engineering and Contracting, part of the Investment Corporation of Dubai (ICD) group, has successfully completed its strategic acquisition of Target Engineering, an EPC contractor offering in-house services for major construction disciplines in onshore and
Capital Markets
Deal & transactions
Egypt
TMT
Sharkawy & Sarhan with Vodafone on the acquisition by Vodacom
Sharkawy & Sarhan acted as Egyptian counsel to the Vodafone Group (“Vodafone”) in relation to the transfer of its 55% shareholding in Vodafone Egypt to Vodacom. The spam of the transaction took more than a year.
Dreny & Partners has acted as legal counsel for telecommunication company, Vodacom in its acquisition of a 55% stake in telecom network operator Vodafone Egypt for an equity consideration of circa USD2.738 billion. The
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
CMS advises on Aldar Properties’ partnership with Nobu Hospitality
International law firm CMS has advised UAE’s real estate developers and managers Aldar Properties (“Aldar”) on its exclusive partnership with Nobu Hospitality to develop a new luxury hotel, branded residences, and a fine dining
Deal & transactions
Egypt
Energy & Trading
Mazghouny & Co secures golden license for a green hydrogen
Mazghouny & Co has successfully assisted the sponsors’ consortium in obtaining the unified license, also known as the “Golden License”, for a green hydrogen project with a total capacity of 100MW at the Suez Canal
Kuwait-based law firm, Meysan Partners, has represented a consortium comprised of Ali Alghanim Sons Automotive Company, Mohamed Yousuf Naghi Motors Company, Organi Group, and Al Safy Automotive Company in their successful acquisition of 100% of Mid-East
