October 26, 2023 [Barrons]- Brooge Energy Limited Appoints Freshfields Bruckhaus Deringer as Legal Advisor for the Gulf Navigation Holding PJSC Acquisition Offer.
NEW YORK, Oct. 18, 2023 (GLOBE NEWSWIRE) — Brooge Energy Ltd, (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a Cayman Islands-based infrastructure provider, which is currently engaged in clean petroleum products and biofuels and crude oil storage and related services, announced today that it has engaged the services of Freshfields Bruckhaus Deringer (“Freshfields”), a renowned global law firm, as its legal advisor to advise on the acquisition transaction proposed by Gulf Navigation Holding PJSC (“GULFNAV”).
The announcement comes following GULFNAV’s proposal to acquire all of the businesses and assets of Brooge Energy Limited, which was publicly disclosed in a press release on October 3, 2023.
Freshfields, with its unrivalled cross-border expertise and leading public M&A practice, make them an ideal partner for guiding the Company through the complexities of this proposed transaction. Freshfields frequently acts on the most challenging and complex global client mandates. As a top-ranked law firm in the jurisdictions that matter most for the transaction, the UAE and the US, Freshfields is well-positioned to provide expert legal guidance throughout the proposed acquisition process.
“We are excited to have Freshfields on board as our legal advisor for this proposed transaction with GULFNAV, the vast experience and global reach of Freshfields will be invaluable in ensuring that the proposed acquisition process proceeds smoothly and efficiently,” said Paul Ditchburn the Chief Financial Officer and Chair to the Office of the Chief Executive Officer of Brooge Energy.
About Brooge Energy Limited
Brooge Energy Ltd, is a Cayman Islands-based infrastructure provider now intending to focus on renewable energy infrastructures and biofuels, next to clean petroleum products, crude oil storage and related services. The company conducts its business and operations through its subsidiaries Brooge Renewable Energy (BRE), Brooge Petroleum and Gas Investment Company FZE (BPGIC), and Brooge Petroleum and Gas Investment Company Phase 3 FZE. BPGIC, the Company’s primary operating subsidiary that focuses on midstream oil storage and other services, is strategically located outside the Strait of Hormuz at the Port of Fujairah in the Emirate of Fujairah in the UAE. The Company differentiates itself from competitors by providing customers with fast order processing times, excellent customer service and high accuracy blending services with low product losses.
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