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Our client was a Trinidad based insurance company, who sold their controlling stake in the Oman Methanol Company, one of the world`s leading manufacturers of methanol.
Colonial Life Insurance Company (Trinidad) Ltd (“CLICO”), a Trinidad based insurance company, sold its 56.53% equity interest in Methanol Holdings International Limited (a company owning shares in the Oman Methanol Company) to Consolidated Energy Limited (part of the Proman Group).
BroadSpan actively advised CLICO stakeholders in maximizing the overall consideration as well as the probability of closing.
