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Ogier Guernsey advises Guggenheim Global Infrastructure on $270m sale of assets to Infrastructure India Plc
Article Date -
14/03/2011
In conjunction with London law firm, Taylor Wessing, Ogier Guernsey has advised specialist infrastructure investor Guggenheim Global Infrastructure and others on the sale of $215m of Indian infrastructure assets to Infrastructure India Plc (“IIP”) and the related placing to raise $52m. Together the acquisition and the placing have a combined value of over $300m.
The assets being acquired include a hydroelectric power plant and container shipping and logistics operation in Bangalore and Chennai. The deal, which will result in a reverse takeover and re-admission to AIM by IIP, is conditional on shareholder approval.
The Guernsey team was led by partner Roger Le Tissier
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