Petrovic Legal advised SPS ME on acquisition of Gulf International Pipe Industry

Petrovic Legal advised SPS M.E., a Middle East trader of carbon steel, stainless steel, and special steel pipes, in its acquisition of 100% of the shares of Gulf International Pipe Industry.

Gulf International Pipe Industry is the first manufacturer of High Pressure Steel Line Pipes and Casing Pipes in Oman and the first mill in the MENA region. The purchase of the shares was made from five sellers, four of whom were minority shareholders. The negotiations lasted for six months, and our client successfully closed the transaction.

The Petrovic Legal team, led by Partner Stefan Petrovic, assisted in structuring the transaction, conducting negotiations, preparing transactional documents, and handling closing and post-closing activities related to the acquisition.