ASAR - Al Ruwayeh & Partners Advised Engie On Bahrain Aspects Of Regional Energy Divestment
ASAR - Al Ruwayeh & Partners advised Engie on Bahrain aspects of regional energy divestment
The leading corporate law firm based in Kuwait and Bahrain, ASAR - Al Ruwayeh & Partners advised Engie on the Bahrain aspects of its regional divestment from the Middle East energy sector. The transaction involved the sale by Engie’s UAE-based subsidiary to ACWA Power of its direct and indirect interests in several power generation and operations & maintenance companies across the region, including Engie’s stakes in four Bahraini companies. The transaction ranks among the largest regional divestments in the energy sector.
From a Bahrain perspective, the deal required navigation of the bespoke regulatory framework applicable to power projects, alongside coordination of multiple shareholder and regulatory approvals, including competition clearances and lender consents.
The ASAR Bahrain team advising on the transaction included David Walker (Partner), with support from Sherif Saad Eldin (Senior Associate), Rahul Sud (Senior Associate), Ahmed Al-Saeed (Associate), and Maram Sharaf (Associate). The wider multi-jurisdictional work was overseen by A&O Shearman, acting as lead counsel across all jurisdictions.
ASAR – Al Ruwayeh & Partners is a multi-award winning, Tier 1 corporate law firm and one of the largest in the Middle East, with offices in Kuwait and Bahrain. The firm has operated in Kuwait since 1977 and in Bahrain since 2006, serving multinational corporations, financial institutions, government entities, and private clients.
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