Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 23-06-2013 | Practice Area: | Corporate and M&A |
| Deal Title: | Sale of Mediterranean & Gulf Insurance & Reinsurance Company | Industry: | Nonlife Insurance |
| Description: |
Clifford Chance has advised SLH Holding on the sale of a 25.7% stake in regional insurance leader Mediterranean & Gulf Insurance & Reinsurance Company (Medgulf) to ORIX Corporation, the major listed Japanese financial institution. The stake was valued at approximately US$225 million. Medgulf is the major shareholder in Medgulf Saudi Arabia, which is listed on the Saudi Tadawul. SLH is the majority shareholder in Medgulf.
The Clifford Chance team was led by Abu Dhabi based Corporate partner Rupert Harper and Banking & Finance partner Mohamed Hamra-Krouha. Rupert and Mohamed were supported by associates Jan Knop, Maria Sauliak and Nick Dilda.
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| Financial Center: | Abu Dhabi | Value: | 100.01-500.00 |
| Advised Party: | Vendor | Law Firm | Clifford Chance |
| Target Company Jurisdiction: | UAE | Acquiror Jurisdiction: | UAE |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Rupert Harper |
