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Friday - 2021/02/26
HomeDeal & transactionsSIG to acquire the remaining 50% of shares in its Middle East & Africa joint venture. The advisors

SIG to acquire the remaining 50% of shares in its Middle East & Africa joint venture. The advisors

SIG to acquire the remaining 50% of shares in its Middle East & Africa joint venture. The advisors

SIG Combibloc has signed an agreement to take full ownership of its Middle East & Africa joint venture SIG Combibloc Obeikan by acquiring the 50% shareholding of its partner Obeikan Investment Group (OIG) in the two joint venture companies. The completion of the transaction is subject to several customary closing conditions, including Saudi Arabia and certain other antitrust approvals. The acquisition will expand SIG’s global presence and enhance its medium and long term growth outlook.

Bär & Karrer and Latham & Watkins acted as legal advisors to SIG.

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