Shearman & Sterling, Skadden Arps Slate Meagher & Flom and Freshfields Bruckhaus Deringer have all won lead roles on the high-profile sale of a $2.7bn (£1.9bn) stake in embattled German car giant Daimler to Middle East investors.

Shearman advised the buyer, Aabar Investments, a subsidiary of Abu Dhabi’s International Petroleum Investment Company, on its purchase of up $2.7bn worth of Daimler shares.