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Deal Date: 14-01-2014 Practice Area: Project Finance and Infrastructure
Deal Title: Indorama Ventures/Abu Dhabi National Chemicals Aromatics Plant Project Industry: Chemicals
Shearman & Sterling is advising Indorama Ventures Public Company Limited on its joint venture with Abu Dhabi National Chemicals Company (ChemaWEyaat) to build an Aromatics plant in Abu Dhabi. The joint venture agreement was signed on 26 December 2013 and provides for Indorama Ventures to acquire a 49% interest in a joint venture company being formed to develop, own and operate the Aromatics plant, known as "Tacaamol." Indorama Ventures Public Company Limited, listed in Thailand, is a global leader in the polyester value chain with a strong global network and manufacturing across Asia, Africa, Europe and North America. Its products serve major brand owners in diversified end use markets, including food, beverages, personal and home care, health care, automotives, textile and industrial segments. The company's main products are PTA, EO/EG, PET and fibre, which are distributed across the world. IVL has approximately 9,000 employees worldwide and it achieved last twelve months consolidated revenue ending Q3 2013 of US$7.3 billion. The Shearman & Sterling team was led by Iain Elder (Abu Dhabi-Project Development & Finance) and senior associate Dan Feldman (Abu Dhabi-Project Development & Finance).
Financial Center: Abu Dhabi Value: 0.00-0.00
Advised Party: Equity Sponsor Law Firm
Project Location UAE Equity Sponsor Thailand,UAE
Classification: Project Finance Industrial
Lawyer Iain Elder