Meysan announced that it has represented a consortium comprised of Ali Alghanim Sons Automotive Company, Mohamed Yousuf Naghi Motors Company, Organi Group, and Al Safy Automotive Company in their successful acquisition of 100% of Mid-East Auto Company Ltd, a Bermuda incorporated company directly and indirectly owning the Bavarian Auto Group, BMW’s Egypt dealership.
Meysan team was represented by Corporate Partner Michel G. Ghanem and Counsel Dr. Abdulwahab Sadeq.
Commenting on the transaction, Mr. Ghanem said, “we are delighted to have been involved in the purchase of BMW’s dealership in Egypt. The successful conclusion of this transaction is the result of the hard work of all parties involved in this landmark transaction for the consortium and is a testament to our firm’s capability as a leading regional firm in the M&A market”.
Dr. Abdulwahab Sadeq also commented on the transaction by saying, “this has been a landmark transaction for the consortium members, and we are particularly happy it reached closure after more than 18 months of work. We strongly believe this transaction will enable the consortium members to benefit from their synergies in their respective businesses and will further strengthen BMW as one of the region’s leading premium automobile suppliers. Meysan has a long-established history representing the consortium members and we look forward to continuing advising them”.
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