Ashurst advised Sojitz Corporation on the deal.
Sojitz Corporation acquired a 20% equity interest in Mirfa International Power and Water Company (MIPCO) from Shuaa Capital.
MIPCO operates the Mirfa IWPP, a 1600MW power and 52.5MIGD desalination plant in Al Dhafra region, Abu Dhabi.
Headquartered in Tokyo, Japan, Sojitz Corporation is a multinational trading and investment group, listed on the Tokyo Stock Exchange, with assets of around US$ 21 billion across a number of sectors. In particular, it has over 40 power projects in more than 14 countries globally, making it an ideal partner for MIPCO going forward.
The Ashurst team was led by partners Simon Fraser (Picture) and David Charlier, assisted by senior associates Matt Hartsuyker and Grant Batten and associates Rushal Noor, Will Keen and Sara Malek.
Law Firms: Ashurst;
Clients: Sojitz Corporation;