Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 21-01-2013 | Practice Area: | Corporate and M&A |
| Deal Title: | Sorouh Real Estate proposed merger with Aldar Properties | Industry: | Real Estate Investment & Services |
| Description: |
Clifford Chance is advising Sorouh Real Estate PJSC on its proposed merger with Aldar Properties PJSC, terms of which were agreed by their respective boards on 20 January 2013.
The merger, which has been unanimously recommended to shareholders, will create the largest listed real estate developer in Abu Dhabi and the second largest real estate developer in the UAE, with combined total assets of approximately AED47 billion.
The Clifford Chance team is led by M&A partner Mohammed Al-Shukairy, with assistance from M&A associate Sian Rowlands and real estate counsel Steven Henderson.
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| Financial Center: | Dubai | Value: | 5000.01-10000.00 |
| Advised Party: | Merger Party | Law Firm | Clifford Chance |
| Merger Party Jurisdiction | UAE | Merger Party Jurisdiction | UAE |
| Classification: |
Mergers |
Lawyer | Mo Al-Shukairy |
