Bryan Cave Leighton Paisner Advised Binghatti Beverage Manufacturing on the deal.
Binghatti Beverage Manufacturing (part of the Binghatti group of companies), sold its 1 million-square-foot, state-of-the-art bottling manufacturing facility and business assets in Abu Dhabi investment free zone Kizad to the leading publicly listed dairy company in the Middle East, Almarai.
The transaction, valued at approximately $58.5 million, is of regional importance and has been announced on Saudi Arabia’s stock exchange, Tadawul. The transaction is expected to close following approval from the Saudi General Authority for Competition.
Dubai Real Estate Partner Stephen Kelly (Picture) led the transaction team, with the assistance of Real Estate Partner Sarah Mahood, Corporate Finance and M&A Counsel Greg Nixon, Corporate Finance and M&A Associate Chizoba Edozie, and Real Estate Paralegal Hibah Al-Jbori.
Law Firms: Bryan Cave Leighton Paisner;
Clients: Binghatti Beverage Manufacturing;