Dentons advised Farabi Petrochemicals on First Overseas Acquisition

Dentons advised Farabi Petrochemicals on First Overseas Acquisition

It marks the company’s entry into chemical production in Asia and allows further growth of sales

Dentons, the world’s largest global law firm, has advised Saudi Arabia’s Farabi Petrochemicals Company on its first overseas acquisition.

Farabi has acquired a 50 percent stake in Taicang, China-based Great Orient Chemical (Taicang) Co Ltd, from South Korea’s ISU Chemical Co., Ltd through the acquisition of shares in a Singapore-based holding company.

While Great Orient is a linear alkyl benzene (Lab) production plant, Farabi is a global leader in Lab and N-Paraffin production. The acquisition marks Farabi’s entry into chemical production in Asia and allows further growth of sales in the market.

Guy Danalis, Riyadh’s senior legal consultant at Dentons remarked, “It was a pleasure to support Farabi Petrochemicals in successfully achieving a major milestone. Dentons was able to deploy its global expertise through a team of lawyers working across its multiple jurisdictions.”

Dentons teams in Saudi Arabia, Singapore, China, and Hong Kong advised on due diligence, corporate structuring, anti-trust issues, and drafting and negotiation of transaction documents.

The Riyadh team was led by senior legal consultants, Guy Danalis and Edward Rose. They were supported by lawyers from Singapore, Hong Kong, and Shanghai offices.

The Singapore team on corporate aspects was led by senior partner, Evelyn Ang, who was assisted by partner Glenda Lee and senior associate Natalie Chen. Partner Rizuan Pathie assisted with competition law aspects.

The Hong Kong team was led by Katie Yuen.

The Shanghai team was led by senior partner, Nancy Sun, assisted by partner Sunny Qin and senior associate, Lyndon Lin, and paralegals, Leah Liu, and Liam Lu.