Clyde & Co Advises ITG on Logistics Company Share Sale
Global law firm Clyde & Co provided legal counsel to Investment Trading Group (ITG), the Investment Office of Al Tayer Group, on the sale of its 60 per cent shareholding in a market leading logistics company in Dubai who offer transportation solutions by air, ocean, and road.
Clyde & Co acted as lead counsel to ITG. The team was led by partner Roshanak Bassiri Gharb (corporate, Dubai), and associate Sara Magdy (corporate, Dubai).
Roshanak Bassiri comments: “We acknowledge the significant contributions of Al Tayer Group and ITG to the Middle East, having introduced more than 80 esteemed brands to the market. The divestiture marks a crucial milestone in the strategic direction of ITG, aligning with the evolution of the logistics sector in the UAE. We look forward to continuing our collaborative efforts and supporting both ITG and Al Tayer in their future endeavours.”
Clyde & Co has extensive experience advising Middle East family-owned businesses and regional conglomerates, with a dedicated family business and regional conglomerates practice. Clyde & Co are one of the first international law firms to be accredited by the DIFC Family Wealth Centre as “Governance and Succession Planning Advisers”. In addition, the firm has solid experience in the logistics sector, where it has historically played a significant role at global level.
