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 US$110 million disposal of the entire issued share capital of Qatar Engineering & Construction Company to a consortium led by Qatar America Asia Consortium.
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."