2013 was a good year for some of the biggest firms in the country. With about 7% growth, Nigeria continued to experience good GDP growth levels. Agriculture, Fast Moving Consumer Goods, Petroleum and Telecommunications acted as growth stimulants. Of course, our local firms are cashing in. Below are some of those who did big things...
Templars closed the deal on $15 Billion + transaction
The Chinese are here ... and our firms are cashing in ... Ka Ching! Newsflash for those who have been living under a rock, Chinsese investors are doing deals ... big deals. For Nigeria, this of course means a lot of oil and gas deals. One of the Chinese national oil companies, CNOOC Limited recently purchased Canadian Nexen Inc for a record $15.1 billion and Templars advised CNOOC on the Nigerian aspects of the deal (Nexen owned interests in lucrative oil and gas assets in Nigeria. Managing Partner, Oghogho Akpata led on this transaction). Davis Polk advised as CNOOC's foreign counsel.
Banwo & Ighodalo and Olaniwun Ajayi LP advise on Dangote's $3.15Billion financing
In this syndication, B&I and Clifford Chance LLP acted for the Dangote Industries Limited on the one hand, and OALP. and Allen & Overy acted for the lenders on the other, in Dangote's loan facility agreement for US$3.15 Billion to part finance the construction of a crude oil refinery with a production capacity of 400,000 barrels of crude oil. The facility will also produce 600,000 metric tonnes of polypropylene per day; and include a fertilizer plant with a capacity of 2.8 metric tonnes of urea per annum. Ayo Owoigbe (B&I) and Tominiyi Owolabi (OALP.) were the respective partners on the deal.
3 comments:
Those are big tings. so who else did abeg
Waiting to see Gold Leauge firms???
Na so lawyer dey make money? @ least some % of this money go reach dem abi?
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