Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 20-02-2013 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | Port Harcourt, Nigeria - Fertiliser Plant | Industry: | Food Producers |
| Description: |
Allen & Overy has advised its regular client, the Indorama group, on the development and financing of a USD1.2bn fertiliser plant and associated pipeline project in Port Harcourt, Nigeria.
The financing consisted of a USD800m debt package from a diverse group of multilateral agencies, development finance institutions and international and regional commercial banks.
In what will be the largest fertiliser plant in Africa, Indorama Eleme has been designed to produce 1.4m tonnes of fertiliser annually, with production due to start by the fourth quarter of 2015. The project also includes the construction of a 84km pipeline to the plant and a new port terminal in nearby Onne Port. Allen & Overy is also advising Indorama on the development of the port which will be financed separately.
The Allen & Overy team was based in Dubai and consisted of partners Sachin Karia and Bimal Desai, senior associate Eleanor Milne, associates Laura Graham, Ellis Lawson, Louise Fernie and trainee Jenna Meath.
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| Financial Center: | Dubai | Value: | 1000.01-5000.00 |
| Advised Party: | Equity Sponsor | Law Firm | Allen & Overy |
| Project Location | Nigeria | Equity Sponsor | Spain |
| Classification: |
Project Finance Industrial |
Lawyer | Sachin Karia |
