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Redcliffe Helps SABIC Obtain Ukrainian Merger Clearance for Sale of Shares to Saudi AramCo

Redcliffe Helps SABIC Obtain Ukrainian Merger Clearance for Sale of Shares to Saudi AramCo

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Redcliffe Partners has helped Saudi Basic Industries Corporation obtain merger clearance from the Ukrainian competition authority for the USD 69.1 billion sale of 70% of its shares by the Public Investment Fund of Saudi Arabia – the sovereign wealth fund of the Kingdom of Saudi Arabia – to the Saudi Arabian Oil Company. 

Redcliffe Partners describes the Saudi Basic Industries Corporation as "a global leader in diversified chemicals headquartered in Riyadh, Saudi Arabia." According to the firm, "it manufactures on a global scale in the Americas, Europe, Middle East, and Asia Pacific. The company has operations in over 50 countries with a global workforce of over 33,000 employees.”

“This transaction is the largest ever M&A deal in the Kingdom of Saudi Arabian and the Middle East by deal value,” the firm reports.

Redcliffe Partners’ team included Partner Anastasia Usova, Senior Associate Nataliya Kovalyova, and Associate Tetyana Smurova.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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