Global law firm White & Case LLP has advised National Taxi LLC on sale of its shares to Dubai Taxi Company PJSC (DTC) for a total enterprise value of approximately AED 1.45 billion (approximately US$400 million).
"The transaction is a significant milestone in the UAE transportation and mobility sectors and reflects the continued strength and resilience of the UAE market," said White & Case partner Roger Gaspard, who led the Firm’s deal team.
National Taxi is one of the UAE’s well-established taxi operators, with operations across Dubai, Abu Dhabi and Al Ain. The transaction will result in DTC acquiring 100 percent of the share capital of National Taxi, subject to customary closing conditions and regulatory approvals.
The acquisition is expected to strengthen DTC’s position in Dubai, whilst establishing a meaningful presence in Abu Dhabi, further expanding its footprint across the mobility and transportation sector.
The White & Case team which advised on the transaction was led by partner Roger Gaspard (Dubai) and included partners Abdulwahid Alulama (Abu Dhabi & Dubai) and Will Lund (Abu Dhabi) and associates Tigran Saakyan, Gabrielle Margerison, Natasha Marican, Wassim El Mardini, Darcy Lubich (all Dubai), Charles Tuckwell, Ahmad Obeidat, Isabella Fladée (all London) and Aya El Shalakany (Cairo).
Press contact
For more information please speak to your local media contact.
