Denton Wilde Sapte reprises advisory role for MENA Infrastructure fund's investment in Oman's power sector |
|
Denton Wilde SapteDenton Wilde Sapte
continues to act as legal advisor for MENA Infrastructure Fund, picking up an instruction to advise on its second investment, in which it has taken 32.8% of the shareholding in Oman's United Power Company SAOG (UPC)United Power Company SAOG (UPC)
.UPC owns a 270 megawatt power station in Manah, and is listed on the Muscat Securities Market. The 32.8% holding in UPC was opened to a competitive bid process when GDF Suez was ordered to divest its founders' shareholding by the Omani Electricity Regulator.
"We're pleased to have acted again on another successful regional acquisition for MENA Infrastructure Fund. Our Dubai and Muscat offices combined to provide a full international and local law service, which, together with our leading expertise in the power sector, delivered the right result in a strongly contested bid process," says Dubai Corporate partner Neil Nicholson.
The $500 million private equity fund is sponsored by HSBCHSBC
, Waha CapitalWaha Capital
and Dubai International CapitalDubai International Capital
and invests in projects and companies in their early stages of development across the Middle East and North Africa.
Denton Wilde SapteDenton Wilde Sapte
's Middle East Corporate team advised MENA Infrastructure Fund on its first investment in April 2008, which saw it acquire an interest in two container terminals in Egypt.
Neil led the Denton Wilde SapteDenton Wilde Sapte
team with Muscat partners Mary Allan and George Sandars. They were assisted by Dubai associate Kerri Dewe, senior associate Ian McGrath, and Muscat associates Victoria Noble and Hashim Abdel Malik.
-Ends-
Media Contacts
Deborah Rothfield
PR Manager
Tel 020 7320 6017
Email deborah.rothfield@dentonwildesapte.com
Duncan Miller
Senior PR Executive
Tel 020 7320 6193
Email duncan.miller@dentonwildesapte.com
www.dentonwildesapte.com
© Press Release 2009
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Stories
Companies
| Company Name | Country | Industry |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Almarai Company | Saudi Arabia | Food |
| Hyundai Engineering and Construction Company - Saudi Arabia | Saudi Arabia | Construction and Design |
| Saudi Electricity Company | Saudi Arabia | Electric Utilities |
| Roads and Transport Authority - Dubai | UAE | Regulatory and Administrative Bodies |
| Dubai Electricity and Water Authority | UAE | Electric Utilities |
| National Oil Corporation - Libya | Libya | Oil |
| Ministry of Health - Saudi Arabia | Saudi Arabia | Ministries and Municipalities |
Projects
| Project Name | Country | Sector |
| ADNOC/ConocoPhillips - Sour Gas Fields Development - Shah Field | UAE | Oil and Gas |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| ENEC - Nuclear Power Plant | UAE | Power and Water |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Abu Dhabi Ports Company - Khalifa Port and Industrial Zone (KPIZ) | UAE | Infrastructure |
| Aramco/Dow Chemical - Ras Tanura Integrated Refinery and Petrochemicals Complex | Saudi Arabia | Oil and Gas |
| Emirates Aluminium (EMAL) - Smelter Complex - Phase 1 | UAE | Industry |
| Abu Dhabi DOT - Abu Dhabi Metro | UAE | Infrastructure |
| Qatar Foundation - Sidra Medical and Research Center | Qatar | Real Estate |
| IGD - Gasco - Habshan 5 Gas Processing Plant | UAE | Oil and Gas |








Loading ...