Vodafone has announced that it has agreed to transfer its 55% shareholding in Vodafone Egypt to its sub-Saharan African subsidiary, Vodacom Group Limited, for cash and new ordinary shares in Vodacom. The transaction is valued at €2.72
From MENA to the WORLD The legal system of the Kingdom of Bahrain has a rich and complex history, reflecting the nation’s commitment to justice and progress. From its origins rooted in tribal laws
A cross-border team from Allen & Overy (A&O) has advised the bookrunners on a EUR955m and USD400m term loan B for TMF Group, which is owned by CVC and the Abu
In a world grappling with a “rocky recovery” from the COVID-19 pandemic, the Gulf Cooperation Council (GCC) region stands as a beacon of resilience and strength. The latest PwC Middle East Economy Watch report, titled “
Deal & transactions
TMT
United Arab Emirates
Allen & Overy advises e& enterprise on acquisition of Beehive
Global law firm Allen & Overy has provided legal counsel to e& enterprise on its recent acquisition of a majority stake in Beehive Group, a prominent peer-to-peer (P2P) lending platform. This strategic move
Deal & transactions
Other
Real Estate, Construction & Infrastructure
Sika strengthens market position with acquisition of MBCC Group
Global construction materials company Sika has successfully completed its acquisition of MBCC Group, following receipt of all necessary regulatory approvals. The acquisition is expected to strengthen Sika’s position in the global construction market,
Deal & transactions
Transport
United Arab Emirates
Emirates and Etihad partnership aim to drive UAE tourism growth
Emirates Airline and Etihad Airways have entered an interline expansion agreement that will offer travellers additional itinerary options when visiting the UAE. This first-of-its-kind agreement between the two UAE carriers aims to boost tourism to
Linklaters has appointed Rebecca Jarvis (pictured), partner in the firm’s London office, as its new global co-head of banking. Jarvis succeeds Philip Spittal as he retires from the firm and will join existing global
Clifford Chance has appointed Zarrar Sehgal (pictured) as the new Head of its Global Asset Finance Group. Sehgal, who is a partner at the firm, will lead the team of 125 asset finance lawyers, providing clients
Banking & Finance
Energy & Trading
Other
Clifford Chance: TAQA invests in Xlinks Morocco-UK HVDC project
International law firm Clifford Chance has advised Abu Dhabi National Energy Company (‘TAQA’) on its GBP 25 million (cerca USD 31.38 million) investment in Xlinks First Limited (‘Xlinks’), the developer of the first of a kind Morocco –
