Deal Description: On August 25th, 2021, Noble Finance Company and certain subsidiaries of Noble Corporation (“Noble”) (NYSE: NE) entered into a definitive agreement to sell four jackup drilling rigs operated in Saudi Arabia to ADES International Holding Ltd. for a purchase price of US$292,415,000 in cash, subject to adjustment as provided in the definitive agreement. The transaction is expected to close during the fourth quarter of 2021 and is subject to the parties satisfying customary closing conditions.
Baker Botts L.L.P. represented Noble in the transaction.
Baker Botts Lawyers/Offices Involved:
- Corporate: David Emmons (Partner, Dallas); Josh Gonzales (Associate, Houston); Michael Mazidi (Associate, Houston); Sian Williams (Partner, London); Shadi Haroon (Partner, Riyadh)
- Tax: Derek Green (Partner, Houston)
- Antitrust: Paul Lugard (Partner, Brussels); Roxane Tonnelier (Associate, Brussels); Rakan Alyusuf (Associate, Riyadh)
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