Allen & Overy has advised Standard Chartered Bank and the club lenders involved on the deal.
ADNOC Global Trading (AGT) was incorporated in 2020 and is a joint venture between ADNOC, ENI and OMV, trading in refined products, supply feedstock and paper markets for third party barrels as well as derivatives. This is the debut financing which is considered the cornerstone for its ambitious business plan and the facility will support the progress and expansion of AGT.
Partner Samer Eido (Picture) led the A&O Banking team based in Dubai, Abu Dhabi and London, assisted by partner Paul Cluley, senior associates Afsha Karim and George Chrysospathis and associates Imogen Parmar, Ramone Bedi and Zaid Al Shammary.
Involved fees earner: Zaid Al Shammary – Allen & Overy; Ramone Bedi – Allen & Overy; George Chrysospathis – Allen & Overy; Paul Cluley – Allen & Overy; Samer Eido – Allen & Overy; Afsha Karim – Allen & Overy; Imogen Parmar – Allen & Overy;
Law Firms: Allen & Overy;