IFLR1000

Takween Advance Industries SR910 million acquisition of Savola Packaging

18/3/2015
Public acquisition
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SR 910 million

$ 242.639 million

Completed

18/3/2015

Overview:

  • Takween Advanced Industries has acquired Savola Group's packaging unit for SR910 million.
  • Savola Packaging is a producer of PET packaging products.
  • The deal is being financed through bank financing.

Sam Duke - Editor

Jurisdictions:

Saudi Arabia
United Arab Emirates

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Industrials and manufacturing

Firms:
Clifford Chance

Party: Savola Group (Seller)

Latham & Watkins

Party: Takween Advanced Industries (Acquirer)

Lawyer: Salman Al-Sudairi

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