Meysan Partners announced today it has advised the shareholders of the Saudi Aluminum Industries Company on the sale of 33.33% of the company to Increase Industrial Development Co, a Saudi group led by Saleh Al Hossan.
Meysan acted as sole legal counsel to the shareholders on various aspects of the transaction, including advice on restructuring, negotiating the transaction documents, and will be advising through to completion.
The Meysan team was co-led by Partners Faisal Al Hoshan (dispute) and Michel G. Ghanem (corporate), with support from Counsel Neyla Rahal.
Michel comments: “We are delighted to have worked alongside the shareholders on this strategic divestment. Acting as sole legal counsel, our effective collaboration and unrivalled restructuring experience enabled us to reach a successful outcome.”
Completion of the transaction remains subject to securing standard regulatory approvals.
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