Aktif Bank $118 Million sukuk to be listed on the Global Exchange Market of the Irish Stock Exchange

Hogan Lovells has advised Aktif Bank on the first sukuk ever to be listed on the Global Exchange Market of the Irish Stock Exchange (“ISE”). The US$118million sukuk was issued under a mudarabah structure with GAP Insaat Yatirim ve Dis Ticaret A.S., a Turkish construction company, acting as mudarib. While the Irish Stock Exchange has […]

United Arab Shipping Company Limited’s Merger with Hapag-Lloyd AG

White & Case LLP has advised United Arab Shipping Company Limited (UASC) and its major shareholders Qatar Investment Authority (QIA) and the Public Investment Fund of Saudi Arabia (PIF) on UASC’s merger with Hapag-Lloyd AG, a listed company headquartered in Hamburg, Germany. Hapag-Lloyd and United Arab Shipping Company (UASC) merged. The merger between the two […]

$236 million equivalent syndicated dual currency commodity murabaha facility for Ziraat Participation Bank

Hogan Lovells has advised arrangers on a US$236 million equivalent syndicated dual currency commodity murabaha facility for Ziraat Participation Bank. The USD and EUR Facility has been structured as a Shari’a-compliant term commodity Murabaha facility and shall be used for general funding purposes. The Facility received a strong response from the bank market with 11 […]

ACWA Power Management and Investments One Limited’s $814 Million Bond Offering

Shearman & Sterling represented the syndicate of banks led by Citigroup Global Markets Limited and Jefferies International Limited, as joint global coordinators and joint bookrunners, China Construction Bank Corporation, Singapore Branch, Mizuho International plc, NCB Capital Company and Standard Chartered Bank as joint bookrunners, and MUFG Securities EMEA plc and SMBC Nikko Capital Markets Limited […]

Freshmarket Ltd.’s $24.3 Million Acquisition of Lahav Warehouse

Gornitzky represents ‘Dan Group’ in a complex purchase transaction to sell “Lahav Warehouse” retail, a supermarket chain held by Dan Group, to ‘Freshmarket’ Ltd.’, for an amount exceeding NIS 90 million. As part of the transaction, our legal team dealt with various legal aspects regarding M&A, Antitrust, Corporate, etc. Moreover, as part of the transaction’s […]

Melisron LTD’s NIS 540 million Bond exchange tender offer

Gornitzky represented Melisron LTD in an innovative exchange tender offer for the swapping of a bond series through a tender for the swapping ratio. As part of the process, short-term bonds were exchanged with long-term bonds (issued by way of expanding a tradable series), totaling approximately NIS 540 million. The exchange tender offer is the […]

Kitov Pharmaceuticals’ Investigation by the Israeli Security Authority on Suspicion of Fraud and False Reporting

the Litigation Department at Barnea & Co. represented the CEO of Kitov Pharmaceuticals at a hearing in the Tel Aviv Magistrates Court relating to his release from detention, subject to certain restrictive conditions. Kitov Pharmaceuticals Holdings Ltd., through its subsidiary, Kitov Pharmaceuticals Ltd., operates as a clinical development stage biopharmaceutical company. The company, led by […]

Kobi Tribitch’s long-term lease agreement of space in the Meier on Rothschild

Gornitzky represents Mr. Kobi Tribitch, former owner of the Tiv-Taam supermarket chain (TASE: TTAM), and his partners, (including former Ikea Israel CEO, Mr. Shlomo Gabay and Eric Abramovich, owner of Masterfood Inc, in a long-term lease agreement of space in Tel Aviv’s most luxurious skyscraper, the Meier on Rothschild, opening the “Rothschild-Allenby Culinary Market”, with […]