Sattar&Co. advises a pioneering solar company on the acquisition of its shares in a special purpose vehicle

Sattar&Co. advised a pioneering solar company in Bangladesh as part of a conglomerate giant on the acquisition of its shares in a special purpose vehicle formed for the implementation of a Solar Power Plant Project awarded by the Bangladesh Power Development Board. The said acquisition was complex in the sense that the Project Agreements impose certain restrictions with regards to the transfer of shares by lead/operating partners of a project. In this regard, our team had to advise the client on the structuring and mechanism of the transaction accordingly.