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.The New York law firm has advised various Abu Dhabi sovereign wealth funds on several recent deals, including Mubadala Investments decision to form $8bn (£5.7bn) joint ventures with both Advanced Micro Devices and General Electric.
March 24, 2009 at 01:03 PM
1 minute read
The original version of this story was published on Legalweek
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.
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