Sotheby's auction; Courtesy photo SullCrom, Hughes Hubbard, Mayer Brown and Slaughter and May Advise on ADQ's $1B Sotheby's Stake
ADQ is to acquire the stake through newly issued shares with an investment that will be used to reduce debt and support Sotheby's growth.
August 13, 2024 at 11:21 AM
2 minute read
Mergers and Acquisitions
Sullivan & Cromwell advised Abu Dhabi's sovereign wealth fund ADQ on acquiring a minority stake in Sotheby's for about $1 billion while Hughes Hubbard & Reed, Mayer Brown and Slaughter and May advised Southeby's.
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