27 Jun 2012 | 03:23 pm |
International law firm Pinsent Masons has advised Emirates National Oil Company (ENOC) and its subsidiary Horizon Terminals Limited on securing a 10 year Islamic term financing facility for US$100m from Standard Chartered Bank, Emirates NBD and Noor Islamic Bank.
ENOC is the single largest supplier of jet fuel at Dubai International Airport. The company is capable of supplying more than 70 airports across the Middle East and Asia-Pacific regions. The facility finances the construction of a second 60 km jet fuel pipeline from the new bulk liquid petroleum terminal in the Jebel Ali Free Zone to Dubai International Airport, and its associated storage tank farm which has 141,000 cubic metres of capacity. The Pinsent Masons’ team was led by Amir Ahmad, assisted by Mehdi Ali.
Commenting on the deal Sachin Kerur Head of Pinsent Masons' Dubai Office said: “We are delighted to have advised ENOC on this strategic transaction. The deal demonstrates our continued support of ENOC and other companies at the forefront of Dubai's development. The deal showcases the breadth of our offering for major energy players in the Gulf and the wider region.”
Multinational law firm Pinsent Masons has advised DCC Energy, a division of leading international sales, marketing and support services group DCC plc, on the acquisition of WIRSOL Roof Solutions (WIRSOL), a provider of photovoltaic (PV) and battery storage systems.
Multinational law firm Pinsent Masons has advised M Group Services, the leading provider of essential infrastructure services in the UK and Ireland, on its sale to private equity house CVC.
Multinational law firm Pinsent Masons’ partner Sylvia Tonova and senior associate Chloé De Jager have been appointed as Members of the ICC International Court of Arbitration, as representatives for Bulgaria and South Africa respectively. Both new appointments are for a three-year term set to commence on 1 July 2024.
Multinational law firm Pinsent Masons is advising leading UK independent exploration & production company Ithaca Energy plc on its transformational combination with Eni S.p.A.’s UK upstream oil and gas assets, establishing Ithaca Energy as the second largest independent operator in the UKCS by 2024 production.
Multinational law firm Pinsent Masons has advised Eni on its agreement with bp to form a new 50/50 independent company, Azule Energy in Angola.
Multinational law firm Pinsent Masons has advised Photon Energy N.V. and Bankhaus Scheich Wertpapierspezialist AG on the issuance of EUR 55m 6.50% GREEN bonds due 2027.
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