The deal unlocks $2.7 billion of capital for ADNOC and underlines Ashurst’s strength in the UAE capital.
September 03, 2020 at 05:30 PM
1 minute read
Correspondent, Dubai
Ashurst and Milbank have advised on a major real estate transaction between Abu Dhabi National Oil Co. (ADNOC) and a consortium of leading global institutional investors.
The deal involved the purchase by an investment partnership involving New York-based Apollo Global Management and a group of other institutional investors of a 49% stake in the wholly owned ADNOC subsidiary, Abu Dhabi Property Leasing Holding Co. (ADPLHC), whose real estate portfolio is valued at $5.5 billion.
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