Cleary and Allen & Overy bag North Africa's biggest ever M&A deal

Cleary Gottlieb Steen & Hamilton has advised the world's biggest cement-maker Lafarge on its £6.32bn purchase of Egyptian rival Orascom Cement, making it North Africa's biggest ever M&A deal. Paris-based corporate partners Pierre-Yves Chabert and Gamal Abouali led the team at Cleary. Chabert has a longstanding relationship with French-headquartered Lafarge. Cleary advised the company on a $2bn (£970m) bond offering in 2006. Meanwhile, Orascom Cement, which is a subsidiary of Orascom Construction Industries (OCI), turned to Allen & Overy (A&O), with a team led by corporate partner Andrew Schoorlemmer, who manages the relationship with Orascom.

Cleary and Allen & Overy bag North Africa's biggest ever M&A deal thelawyer.com Wed, Dec 12, 2007