Qatar Shipping announced the transaction to the Qatar Stock Exchange on 16 September and closing is expected to take place by the end of September.
Qatar Shipping, which is merging with Qatar Navigation, owns and runs a fleet of vessels operating in sectors including crude oil, petrochemicals and liquefied petroleum gas.
The Norton Rose (Middle East) LLP team comprised Alan Bainbridge with support in Abu Dhabi from Akshay Dosaj and Anais Fritz, while additional support was given by Dominic Hennessy in Dubai and Fiona Evans in London.
Norton Rose (Middle East) LLP has had a presence in the Middle East for the past 30 years; they are one of the leading legal practices in the region, with offices in Abu Dhabi, Bahrain and Dubai and an associate office with Abdulaziz Al-Assaf Law Firm in Riyadh.
They advise on all aspects of business law across the Middle East and extending into north and sub-Saharan Africa, the Indian sub-continent and South Asia
Corporate finance partner, Alan Bainbridge, commented, "We are extremely pleased to be acting for Qatar Shipping on this important transaction, one of a number that we have seen from our transport headlight clients in 2009. This matter is part of a new wave of corporate activity on which we have been instructed in 2009 and underscores the benefits of our sector focused approach through our headlights."
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Norton Rose advises Qatar Shipping on its $110m sale of Qatar Engineering and Construction
- Qatar: Saturday, September 19 - 2009 at 17:00
- PRESS RELEASE
The Abu Dhabi office of international legal practice Norton Rose Middle East LLP, led by corporate partner Alan Bainbridge, is acting for Qatar Shipping on its $110m disposal of the entire issued share capital of Qatar Engineering and Construction Company to a consortium led by Qatar America Asia Consortium.
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About Norton Rose (Middle East) LLP:Norton Rose (Middle East) LLP is a constituent part of Norton Rose Group, a leading international legal practice offering a full business law service from offices across Europe, the Middle East and Asia.
Knowing how our clients' businesses work and understanding what drives their industries is fundamental to us. Our lawyers share industry knowledge and sector expertise across borders, enabling us to support our clients anywhere in the world. We are strong in corporate finance, financial institutions, energy and infrastructure, transport, and technology.
Norton Rose Group comprises Norton Rose LLP and its affiliates. We have over 1000 lawyers operating from offices in Abu Dhabi, Amsterdam, Athens, Bahrain, Bangkok, Beijing, Brussels, Dubai, Frankfurt, Hong Kong, Jakarta, London, Milan, Moscow, Munich, Paris, Piraeus, Prague, Riyadh, Rome, Shanghai, Singapore, Tokyo and Warsaw.
With effect from 01 January 2010, Deacons Australia, a leading Australian law firm with offices in Sydney, Melbourne, Brisbane, Perth and Canberra and teams in Singapore and Jakarta, will join Norton Rose Group. The enlarged Group will have over 1800 lawyers in 29 offices worldwide, 700 of whom will be based in the Asia Pacific region, and will form one of the best resourced legal practices in the Asia Pacific.
Norton Rose (Middle East) LLP is a limited liability partnership registered in England and Wales with number OC316738. Its registered office is at 3 More London Riverside, London SE1 2AQ. Any reference to a partner means a member of Norton Rose LLP or a consultant or employee of Norton Rose LLP or one of its affiliates with equivalent standing and qualifications.
Norton Rose (Middle East) LLP is a constituent part of Norton Rose Group, an international legal practice comprising Norton Rose LLP and its affiliates, with offices in Abu Dhabi, Amsterdam, Athens, Bahrain, Bangkok, Beijing, Brussels, Dubai, Frankfurt, Hong Kong, Jakarta, London, Milan, Moscow, Munich, Paris, Piraeus, Prague, Riyadh, Rome, Shanghai, Singapore, Tokyo, Warsaw.
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Sean Twomey
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Posted by Siba Sami AmmariSaturday, September 19 - 2009 at 17:00 UAE local time (GMT+4)
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