Obeikan Investment Group (OIG) sold its 50% stake in a joint-venture with SIG Combibloc Group, a company listed on the Swiss Stock Exchange. The purchase price is EUR 467 million (approximately two thirds in SIG-shares, one third in cash). OIG is a mixed group of companies with its headquarter in Saudi Arabia focussing on paper, packaging as well as real estate. OIG is present in 16 countries in the Middle East and North Africa.
Bratschi advises Obeikan Investment Group (OIG) on the sale. The team consisted of Pascal Rüedi (partner M&A, pictured) and Martin Moser (partner M&A), Nicola Corvi (associate) and Dominic Ley (junior associate).
As previously reported by Legalcommunity.ch, Bär & Karrer and Latham & Watkins acted as legal advisors to SIG.