Baker McKenzie has advised Bahrain-based Ahli United Bank (“AUB”) on its acquisition of Citi’s consumer banking business in Bahrain. The transaction, which signed earlier this year and received regulatory approval from the Central Bank of Bahrain, includes the retail banking, credit card and unsecured lending businesses of Citi throughout Bahrain. Citi’s consumer banking employees have […]
Deal & transactions
Egypt
Energy & Trading
Baker McKenzie with AMEA Power on 2 renewable projects in
Baker McKenzie Cairo acts as the Egyptian Legal Counsel to AMEA Power on the development and financing of two renewable projects in Egypt with a capacity of 1000 megawatts and value of USD 1.1 billion. The projects,
Deal & transactions
Transport
United Arab Emirates
A&O with Abu Dhabi Ports Group on the acquisition of
Abu Dhabi Ports Group has acquired Spanish logistics firm Noatum for AED2.5 billion (USD681 million). The investment in Noatum, will significantly extend AD Group’s global connectivity to create a market-leading international logistics brand.
Deal & transactions
Energy & Trading
United Arab Emirates
Mubadala secures strategic stake in AirCarbon Exchange (ACX)
Abu Dhabi based sovereign wealth fund, Mubadala Investment Company (“Mubadala”) and AirCarbon Exchange (“ACX”), the global exchange changing the voluntary carbon market, have successfully completed a transaction under which Mubadala has acquired a strategic stake
Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to Sky Ports (under incorporation) (“Sky Ports” and the “Concessionaire”) in connection with the negotiating, reviewing and drafting of concession agreement entered with the
Deal & transactions
Egypt
Energy & Trading
MBH with TSFE on Egypt’s Green Energy Framework Agreements
Matouk Bassiouny & Hennawy (“MBH”) acted as the Egyptian legal counsel to the TSFE Infrastructure & Utilities Sub Fund (“TSFE”) in connection with the negotiation of framework agreements entered into separately with 9 developers to develop
Deal & transactions
Industrial
Other
Caterpillar West Africa distribution transfered to Jean-Luc Konan
Delmas Investissements et Participations (“DIP”) and the Delmas family have signed a transfer agreement for their Caterpillar dealership activity to a consortium conducted by Ivorian entrepreneur Jean-Luc Konan. Included in the sales is JA Delmas
Deal & transactions
Transport
United Arab Emirates
Dubai Aerospace Enterprise completes acquisition of SKY Fund I Irish
Aviation services corporation, Dubai Aerospace Enterprise (“DAE”) has completed the previously announced acquisition of SKY Fund I Irish and its subsidiaries (“SKY Fund I”) on 18th November. Sky Fund I owns and is
Deal & transactions
Energy & Trading
Qatar
QatarEnergy to construct integrated polymers facility in Texas
QatarEnergy has entered into an agreement with Chevron Phillips Chemical Company to jointly develop an USD8.5 billion integrated polymers facility in Orange, Texas. The companies have made a positive final investment decision on the project
Global law firm Freshfields Bruckhaus Deringer (“Freshfields”) has advised Sohar International Bank (Sohar International) on its merger with HSBC Bank Oman (HSBC Oman), whereby all assets and liabilities of HSBC Oman will be transferred to
