We are proud to have represented the Shanghai International Port Group, a global port manager and operator, in the signing of an agreement for the sale of a 25% minority interest in its Israeli subsidiary, SIPG Bayport Terminal Co. Ltd., to the Noy fund. SIPG Bayport Terminal Co. Ltd. holds a concession from the Israeli government to operate the Haifa Bayport, Israel’s most technologically advanced container port.
This transaction showcases our firm’s role as a “go-to” firm for transactions at the highest economic and geopolitical levels in Israel.
The Shanghai International Port Group was represented by Oded Levy and Avi Meer from our mergers and acquisitions team, with assistance from Ido Frishta, Nikol Vaisman Nir, Gal Gutman Almog and Neri Johnson from our commercial team, Nava Karavany and Yedidya Altshuler from our competition team, Shoam Keren from our real estate team and Shirly Mahlab Hefetz from our labor team.
The closing of the transaction is contingent upon receipt of customary regulatory approvals.
