White & Case advised on the US$5.3 billion sale of stakes in three companies by Barwa Real Estate Company Q.S.C. to a subsidiary of Qatari Diar, which was awarded "Domestic M&A Deal of the Year" by IFLR at its ninth annual IFLR Middle East Award ceremony on October 16, 2014. The deal is one of the largest-ever M&A transactions in Qatar.
We advised Labregah Real Estate Company Q.S.C., a wholly-owned subsidiary of Qatari Diar Real Estate Investment Company Q.S.C., and Barwa Real Estate Company Q.S.C. on the following three closed deals: the purchase by Labregah of a 95 percent stake in Barwa Commercial Avenue Company for US$2.5 billion, the US$2.1 billion acquisition of the entire share capital in Barwa City Company, and the sale of a 37.34 percent stake in Barwa Bank for a purchase price of US$660 million. The sales are part of an announced series of disposals by Barwa to its strategic partner Qatari Diar as Barwa reduces its external debt.