Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) has provided legal counsel to the US-based technology conglomerate 3M in its spin-off of the healthcare division, now known as Solventum, which is listed on the New York Stock Exchange (NYSE). The transaction encompassed the intricate legal separation and reorganization of the healthcare business, boasting a revenue of […]
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Olayan and Lunate Acquire Stakes in ICD Brookfield Place
In a significant move in the realm of real estate investment, the Investment Corporation of Dubai (ICD) and Brookfield Corporation have announced an agreement with Olayan Financing Company and Lunate for the sale of a 49
Commercial Bank International (CBI), a prominent corporate and retail bank based in Dubai, has announced a strategic investment in zypl.ai, a fintech startup at the forefront of applying generative AI in lending practices. This
Beeah, a leader in sustainability solutions, announces the development of an “AI Executive.” This groundbreaking initiative underscores Beeah’s commitment to driving agility, efficiency, and data-driven operations. The “AI Executive” is poised to simplify complex
Deal & transactions
Oil & Gas
Saudi Arabia
Aramco Awards $7.7B Contracts for Fadhili Gas Plant Growth
Saudi Arabia’s Aramco, one of the world’s leading integrated energy and chemicals companies, has awarded engineering, procurement, and construction (EPC) contracts totalling $7.7 billion for the expansion of its Fadhili Gas Plant in the
Dubai Aerospace Enterprise (DAE), a prominent global aviation services company, has finalized a AED 2.75 billion (US$750 million) 5-year unsecured term loan agreement with Emirates NBD Bank (ENBD). The funds from this loan will be utilized
Banking & Finance
Deal & transactions
E-Commerce
Other
Regulatory
T&H Advises National Finance Co. on Historic Bond Issuance
Trowers & Hamlins has successfully advised National Finance Co. S.A.O.G. (NFC) on the issuance of OMR25,000,000 unsecured, perpetual, and subordinated bonds, with a greenshoe option to increase the maximum issuance size to
Capital Markets
Food & Beverage
United Arab Emirates
Invictus Investment Acquires Majority Stake in Morocco’s Graderco
Invictus Investment Company has finalised the acquisition of a 60% stake in Graderco and its subsidiaries from Zalar Holding, marking a significant move in the agro-food sector. The acquisition, after securing all necessary regulatory approvals, underscores
Lunate, a prominent global alternative investment manager, has acquired a 40% stake in ADNOC Oil Pipelines (“AOP”) from institutional investors BlackRock and KKR. This acquisition signifies a major investment for Lunate in energy infrastructure and further
Deal & transactions
Food & Beverage
Saudi Arabia
Green Corp Expands Portfolio with Acquisition of Emad Bakeries
Green Corp has announced the acquisition of Emad Bakeries, a prominent industrial bakery based in Jeddah, in a strategic move aimed at bolstering its foothold in the Saudi food processing sector. This acquisition marks a
