Type: EME Market Commentary, News Releases
Global law firm Reed Smith has advised Colas Group, a world leader in the construction and maintenance of transport infrastructure, on its acquisition of Anglo American’s stakes in six companies that have historically operated under the Tarmac name in the United Arab Emirates, Oman and Qatar.
Colas will now own the six companies jointly with Middle Eastern partners - Al Futtaim, Al Zawawi and Midmac. Specialised in the production of construction materials (aggregates, asphalt mix) and in road construction, these jointly owned or operated companies, produce 7.5 million tons of aggregates and 1.6 million tons of asphalt mix per year via three quarries and ten asphalt plants and have a work force of 900 staff.
Colas was advised by a team led by Reed Smith relationship partner, Edward Miller (London and Paris) and partners Charles Jurd (London) and Vince Gordon (Abu Dhabi).
Reed Smith partner Edward Miller commented:
“We were delighted to have the opportunity to again work as part of the Colas team in negotiating and concluding this transaction, which is an important step forward for Colas’ business in the Middle East.”
Anglo American was advised by Linklaters and Al Tamimi.
Note to editors:
About Reed Smith
Reed Smith is a global relationship law firm, with more than 1,800 lawyers in 26 offices throughout Europe, the Middle East, Asia and the United States.
For further information, please visit www.reedsmith.com or contact Annabelle Price (senior corporate communications executive) on +44 (0)20 3116 3787.