Global law firm White & Case LLP has advised the Qatar Investment Authority (QIA) on the sale of stakes in Vinci SA, the France-based global player in construction and concessions, and Germany-based global construction company HOCHTIEF, with a total value of US$1.027 billion.
White & Case has advised QIA on its sale of nearly 6.5 million shares, equivalent to a 1.1 percent stake, in Vinci through a private placement arranged by Société Générale. QIA, which has held a stake in Vinci for five years, continues to hold a 3.9 percent stake. The Firm has also advised QIA on the sale of seven million shares, its entire ten percent stake, in HOCHTIEF through a private placement arranged by Morgan Stanley. QIA invested in HOCHTIEF during 2011. Both sales are part of QIA's routine portfolio management.
"We were able to combine lawyers from a number of locations with capabilities across a number of practice areas to support our client in the successful completion of these strategic disposals," said Doha-based White & Case partner Michiel Visser. "The transactions underline the strength of the Firm's global network and our ability to advise international clients on their complex, cross-border matters."
The White & Case team which advised QIA on the Vinci sale included partners Severin Robillard, Frank De Vita, Colin Chang (all Paris) and Michiel Visser (Doha), counsel Max Turner and associates Tatiana Uskova and Antonin Deslandes (all Paris). The team in Frankfurt which advised on the HOCHTIEF sale included partners Gernot Wagner, Roger Kiem and Bodo Bender and local partners Rebecca Emory and Markus Stephanblome.
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