Norton Rose's £500m Bahraini coup
Norton Rose's corporate and finance departments have advised three Bahrain Government bodies on the $506m (£257m) acquisition of a stake in Bahrain Telecommunications Company (Batelco) from Cable & Wireless (C&W). Norton Rose was first instructed on the deal - said to be the largest telecoms deal to date in Bahrain - last November. It secured the mandate due to its longstanding relationship with Bahrain's Ministry of Finance. London corporate partner Campbell Steedman led the Norton Rose team and was assisted by Patrick Watson-Thorp in Bahrain.
January 31, 2007 at 07:07 PM
2 minute read
Norton Rose's corporate and finance departments have advised three Bahrain Government bodies on the $506m (£257m) acquisition of a stake in Bahrain Telecommunications Company (Batelco) from Cable & Wireless (C&W).
Norton Rose was first instructed on the deal – said to be the largest telecoms deal to date in Bahrain – last November. It secured the mandate due to its longstanding relationship with Bahrain's Ministry of Finance. London corporate partner Campbell Steedman led the Norton Rose team and was assisted by Patrick Watson-Thorp in Bahrain.
The firm advised three bodies, the Bahrain Mumtalakat Holding Company, the Pension Fund Commission and the General Organisation for Social insurance,
on the acquisition of a 20% stake in Batelco from C&W.
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