Clyde & Co advised Investment Trading Group on Share Sale Of Dubai’s Logistics Company
Clyde & Co advised Investment Trading Group on Share Sale Of Dubai’s Logistics Company
It is a milestone in the strategic direction, aligning with the evolution of the sector in the United Arab Emirates
Global law firm Clyde & Co has counseled Investment Trading Group (ITG), the investment office of the Al Tayer Group, on selling its 60 percent shareholding in Dubai’s market-leading logistics company that offers transportation solutions by air, ocean, and road.
Commenting on the development, Roshanak Bassiri Gharb, the Dubai partner at Clyde & Co stated, “We acknowledge the significant contributions of the Al Tayer Group and ITG to the Middle East, having introduced more than 80 esteemed brands to the market. The divestiture marks a crucial milestone in the strategic direction of ITG, aligning with the evolution of the logistics sector in the UAE. We look forward to continuing our collaborative efforts and supporting ITG and Al Tayer in future endeavors.”
Clyde & Co has extensive experience in advising Middle East family-owned businesses and regional conglomerates, with a dedicated family business and regional conglomerates practice. It is one of the first international law firms accredited by the DIFC Family Wealth Centre as ‘Governance and Succession Planning Advisers’. The firm has vast experience in the logistics sector and has played a significant role at the global level.
The Clyde & Co Dubai, United Arab Emirates team advising ITG was led by partner Roshanak Bassiri Gharb and associate Sara Magdy.
