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Laga assists Port of Antwerp International with Essar Ports strategic alliance termination

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25 February 2016

Laga advised Port of Antwerp International NV (Belgium) and PAI UK Ltd. (UK) (jointly “PAI”) regarding the unwinding of their strategic alliance with and investment in Essar Ports Ltd. (India).

Laga was involved throughout the entire lifecycle of the alliance and investment, which was initiated in 2012. After previously having assisted PAI in the conversion of the initial investment structure from GDRs into equity shares (2013), Laga advised PAI regarding the unwinding of the strategic alliance with Essar Ports Ltd. as well as its related exit from Essar’s equity, in the framework of Essar Ports’ delisting (2015).

The Laga team was led by Marc Van tieghem, and included Wouter D’herde and Hans Vansweevelt.

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