Sultans Law is pleased to announce its success in advising on the Equity Transfer between Sinopec Star Petroleum Co Ltd and EGAS valued at circa $50 million. The transfer was conducted in the context of EGAS' increased acquisition to a 63.75% stake in SINO-Tharwa Drilling Co, a petroleum services company grossing over $45 million in revenue.
“We are proud to have guided our client through this significant Equity Transfer Agreement" remarked Sultans Law's Managing Director, Samer Sultan. "This transaction underscores a notable shift in ownership within Egypt's natural gas industry and underscores the dynamic nature of international energy investments. We are delighted to have contributed our legal expertise in this important transition in the region's energy sector and to its successful completion".
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