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Thursday, 7 February 2019

Shalakany, ZH&P, Herbert Smith, White & Case to act as advisors on Abu Qir, ACCH stake sales

Shalakany, Herbert Smith, White & Case tapped as local legal counsel on Abu Qir stake sale: Shalakany Law Office, alongside Herbert Smith Freehills, will jointly act as shareholders’ local legal counsel in the stake sale of Abu Qir Fertilizers as part of the government privatization program, a source close to the transaction told Enterprise. White & Case, meanwhile, will act as domestic counsel for the investment banks managing the transaction, which we had noted last month are CI Capital and Renaissance Capital.

Zaki Hashem tapped for ACCH stake sale: Zaki Hashem & Partners (ZH&P) will act as shareholders’ local counsel for the stake sale of Alexandria Container and Cargo Handling (ACCH) as part of the state program, according to Al Mal. White & Case, meanwhile, will take on a role as international counsel.

A senior official had told Enterprise that the privatization program could kick off as early as next month. Both companies were initially part of the first lineup, but the government committee tasked with managing the program is considering changes.

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