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Fieldfisher has advised shareholders on the sale of Fieldfisher's energy sector client, Oil Brokerage Limited (OBL), a London-based global physical and financial oil products firm to OTC Europe, a leading independent commodities interdealer broker.
Having been pursued by a number of potential suitors throughout its 30 year history, the sale of OBL to OTC Europe provides the company with an opportunity to accelerate its growth within OTC Global's structure. The deal involved various cross-border elements, including trust company sellers incorporated in Jersey and the sale of minority shares in a subsidiary company in Singapore. There were also Financial Services regulatory aspects to the deal as OBL is an FCA regulated entity.
Corporate partner Dominic Gurney-Champion led the Fieldfisher team, which included Director Tom Ward, Mo Wang, David Hill (corporate), John Dooley (FS reg) and Andrew Loan (tax).
Dominic comments "We were delighted to support the shareholders on the sale of Oil Brokerage Limited. Both companies have had incredible success and growth, and this marks an exciting new chapter for them both."