Eversheds Sutherland advised Natixis and Arab Petroleum on acquisition of ADNOC’s waste management facilities
The transaction involved a unique non-recourse project finance facility that highlights its innovative nature in the corporate
By: : Sara Ali
Update: 2023-06-21 07:45 GMT
Eversheds Sutherland advised Natixis and Arab Petroleum on acquisition of ADNOC’s waste management facilities The transaction involved a unique non-recourse project finance facility that highlights its innovative nature in the corporate acquisition space Eversheds Sutherland has provided legal counsel to Natixis Bank and Arab Petroleum Investments Corporation (APICORP) as lenders in...
Eversheds Sutherland advised Natixis and Arab Petroleum on acquisition of ADNOC’s waste management facilities
The transaction involved a unique non-recourse project finance facility that highlights its innovative nature in the corporate acquisition space
Eversheds Sutherland has provided legal counsel to Natixis Bank and Arab Petroleum Investments Corporation (APICORP) as lenders in the consortium’s acquisition of two waste management facilities of Abu Dhabi National Oil Company (ADNOC) Refining in the Ruwais Industrial Area of Abu Dhabi, United Arab Emirates.
The consortium, consisting of Vision Invest, ADQ, and Veolia, utilized a ground-breaking project financing structure in the region for the acquisition of waste management plants.
Unlike conventional loan facilities, the transaction involved a unique non-recourse project finance facility, highlighting its innovative nature in the corporate acquisition space.
The Eversheds Sutherland team was led by Middle East partner and head of projects Ashley Halewood. He was supported by partners Zeid Hanania and Sindhura Swaminathan, counsel Louis-Jerome Laisney, principal associate Steve Jennings, senior associates Adite Aloke and Gaurav Jain, associate Saed Obeidat, and trainee Fawzi Mashal.