Our team regularly represents bidders in privatizations conducted in Pakistan. In this respect, we advise parties in all legal matters including undertaking due diligence, participating in all pre-bid meetings and negotiations with the Privatization Commission.
In the past, the lawyers at LMA Ebrahim Hosain have advised Al Ghurair Group and Abraaj Capital in connection with the privatization of Pakistan State Oil, a bidder in the privatization of Pak Arab Fertilizers (Pvt.) Limited, the National Development Leasing Corporation Limited in connection with the privatization of ICP Funds and also AKD Investment Management in the privatization of Pakistan’s largest mutual fund. We have also acted on behalf of the Privatization Commission in the landmark largest Privatization transaction, for divestment of the Government’s shares in Habib Bank Limited, a transaction which resulted in proceeds of over USD 1 Billion for the Privatization Commission and the Government.