DLA Piper Assisted Uniper in Selling its Marine Fuel Trading Business in Dubai
DLA Piper Assisted Uniper in Selling its Marine Fuel Trading Business in Dubai
DLA Piper represented the Uniper Group in the sale of its crude oil processing and marine fuel trading business in the UAE.
As part of the deal, Uniper Energy DMCC, a subsidiary of Uniper, is being sold to a consortium led by the Swiss-based Montfort Group and the Private Office of Sheikh Ahmed Dalmook Al Maktoum.
The completion of the transaction is subject to certain conditions and is anticipated to be finalised in the upcoming months.
Uniper Energy DMCC is responsible for the production and distribution of low-sulphur marine fuels compliant with IMO 2020 regulations within the Fujairah market, which is one of the world's top three bunker fuel markets.
The business includes a crude oil processing facility located in the Port of Fujairah and a trade office in Dubai.
Uniper Energy Fujairah's fuel oil production facility has a crude processing capacity of two mega-barrels per month, and it can produce up to five million tons of fuel oil annually.
Led jointly by counsel Dr. Isaschar Nicolaysen and partner Dr. Benjamin Parameswaran, with senior associate Jan Schürmann in the core team, DLA Piper's Corporate/M&A team in Hamburg spearheaded the transaction. An international team from DLA Piper in Dubai and the UK was also involved.
