Global law firm White & Case LLP has advised Zakher Marine International (ZMI), an Abu Dhabi-based owner and operator of offshore support vessels, on its acquisition by ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC).
Following the acquisition, which is subject to customary regulatory approvals, ZMI will continue operating as a standalone entity under ADNOC L&S.
Established in Abu Dhabi in 1984, ZMI is the world’s largest owner and operator of self-propelled jack-up barges and a leading provider of offshore support vessels in the Gulf Cooperation Council region with operations across the UAE, Saudi Arabia, Qatar and China.
ADNOC is a diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi.
The White & Case team which advised on the transaction was led by partners Sherief Rashed (Cairo) and Ali Shaikley (Dubai) and local partner Sonia Abdul-Rahman (Dubai) and included partners Will Smith (London), Elizabeth Kirk (New York) and Richard Burke (Washington, DC), local partner Aimy Roshan (Dubai), counsel Tamer Nagy (Washington, DC) and associates Aleksandra Stadnik, Anisa Giansiracusa (both Abu Dhabi), Lily Teh and Yannis Lagdani (both London).
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