Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 27-06-2013 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | ONGC Videsh/Oil India Acquisition of Videocon Rovuma 1 Limited | Industry: | Oil & Gas Producers |
| Description: |
Simmons and Simmons advised ONGC Videsh Limited and Oil India Limited on the USD2.475 billion acquisition of Videocon Rovuma 1 Limited, the company holding a ten percent participating interest in the Rovuma Offshore Block in Mozambique (Area 1), from Videocon Mauritius Energy Limited.
The acquisition is expected to be implemented via a newly incorporated entity, in which OVL and OIL are expected to hold respective stakes of 60 percent and 40 percent respectively.
The Simmons and Simmons team was led by Hong Kong partners Vivien Yang and Ian Wood, with assistance from associates in our Hong Kong, Singapore, Dubai and London offices, including Hong Kong-based associates Matthew Davis, Liz Hsu, and Moven Liu.
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| Financial Center: | Hong Kong | Value: | 1000.01-5000.00 |
| Advised Party: | Purchaser | Law Firm | Simmons & Simmons |
| Assets Jurisdiction | Mozambique | Purchaser Jurisdiction | India |
| Classification: |
Transfer of Infrastructure Assets Oil & Gas Assets |
Lawyer | Vivien Yang |
