Slaughter and May is advising United Energy Group Limited (UEG) in relation to its acquisition of Kuwait Energy plc for cash consideration of up to approximately US$650 million.
UEG is one of the largest listed independent upstream oil and gas corporations in Hong Kong, with business presence in South Asia. UEG and its subsidiaries are principally engaged in the investment and operation of upstream oil, natural gas and other energy related businesses.
Kuwait Energy plc is principally an upstream oil and gas company with exploration, appraisal, development and production activities in a number of countries including Iraq, Egypt, Yemen and Oman.
The acquisition is expected to be a significant milestone in implementing UEG’s medium and long-term growth strategy by diversifying its asset portfolio and allowing it to materially enter markets in the Middle East and North Africa.
Slaughter and May supported UEG’s internal legal team, Leslie Zhang, Yinli Zhang and other UEG in-house counsels.
The Slaughter and May is led by Chris McGaffin (partner) and Charlton Tse (partner, in picture), assisted by Oliver Broomfield (associate), James Feng (associate), Nicholas Yeo (associate), Pariya Rojtanongchai (associate), Matthew Carey (associate), Victoria Lang (trainee) and Ashwini Ponnampalam (trainee).
Involved fees earner: Chris McGaffin – Slaughter and May; Charlton Tse – Slaughter and May; Oliver Broomfield – Slaughter and May; James Feng – Slaughter and May; Nicholas Yeo – Slaughter and May; Pariya Rojtanongchai – Slaughter and May; Matthew Carey – Slaughter and May;
Law Firms: Slaughter and May;
Clients: United Energy Group;