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Trowers advises Bahrain Airport Company on acquisition of Hochtief stake in facility management JV

Trowers advises Bahrain Airport Company on acquisition of Hochtief stake in facility management JV

Trowers & Hamlins advised Bahrain Airport Company (BAC) on its acquisition of a 50 per cent stake in the facilities management joint venture company which provides support services to Bahrain airport.

BAC bought out their joint venture partner Hochtief Facilities Management Bahrain in order to become the owner of the entirety of the facility management company.

The acquisition follows the parent company, Hochtief Services Solutions AG, being put up for sale as part of a wider restructuring exercise.  The acquisition of the facilities management business by BAC (which currently operates and manages Bahrain airport) should allow for greater efficiency of airport operations and enhance the airport's capabilities in Bahrain.

Trowers & Hamlins, led by Brian Howard and Abdul-Haq Mohammed, advised on all aspects of the transaction, including conducting a full legal due diligence on the facilities management company, drafting and negotiating a detailed share purchase agreement, as well as assisting with all completion requirements.