Clifford Chance

Clifford Chance advises sponsor consortium in connection with closing of the US$455 million debt package for the Damietta Container Terminal II port project in Egypt

20 August 2024

• Anna Thwaites, Jason London, Madalina Mailat, Oana Ionascu, María González, Chiara Commis, Matteo Falsaperla, Christof Häfner, Philipp Borkowsky, Johannes Melcher, Radoslav Lolov, Jan Adriaan Botha
• Frankfurt, Clifford Chance Badea, Bucharest, Madrid, Milan

Clifford Chance advises sponsor consortium in connection with closing of the US$455 million debt package for the Damietta Container Terminal II port project in Egypt

Global law firm Clifford Chance has advised the sponsor consortium of Hapag-Lloyd AG, EUROGATE Group and Contship Italia, and the operating entity Damietta Alliance Container Terminals, in connection with the closing of the US$455 million debt package for the Damietta Container Terminal II port project in Egypt, which will boost economic growth in the region and facilitate further trade across the East Mediterranean market.

The lending syndicate comprised of the European Bank for Reconstruction and Development, the International Finance Corporation, the Asian Infrastructure Investment Bank, Deutsche Investitions- und Entwicklungsgesellschaft and Proparco.

This transaction builds upon Clifford Chance's market-leading global infrastructure and developing markets practice.  

The cross-border Clifford Chance team was led by partner Anna Thwaites who was supported by counsel Jason London (both Frankfurt) and further consisted of senior associates Madalina Mailat and Oana Ionascu (both Bucharest), local trainee lawyer Namrata Pandit (Frankfurt) and associate María González (all Global Financial Markets, Madrid). The broader deal team comprised counsel Chiara Commis and associate Matteo Falsaperla (both Milan), partner Christof Häfner, senior associate Philipp Borkowsky, associate Johannes Melcher and transaction lawyer Lisha Xu as well as counsel Radoslav Lolov and associate Jan Adriaan Botha (all Global Financial Markets, all Frankfurt).