news
A view of BT Group logo displayed on a shopfront, in London, Britain, July 21, 2023. REUTERS/Hollie Adams

 

Linklaters has advised its long-standing client Bharti Global, the international investment arm of Bharti Enterprises, on its acquisition of a 24.5 percent stake in BT Group from Altice UK for 3.2 billion pounds ($4 billion).

The move by Bharti's billionaire founder, Sunil Bharti Mittal, makes one of India's biggest conglomerates a key strategic shareholder in BT, whose new CEO Allison Kirkby is striving to revive shares by promising higher profits after years of cost-cutting, Reuters reported.

The Linklaters team was led by M&A partners Sushil Jacob and Namrata Shah and managing associate Mackenzie Hewett. Amit Singh, head of the India practice, was also involved in coordinating various aspects of the transaction.

They were supported on this transaction by members of Linklaters’ antitrust and foreign investment team led by partner Natura Gracia and counsel Mark Daniel, as well as partners Doug Shaw and Deepak Sitlani from Linklaters’ derivatives and structured products team.

A team from Linklaters Singapore led by partner Rahul Chatterji and counsel Douglas Doherty advised on the financing for this transaction.

 

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

Khaitan, CAM, Links act on Samvardhana Motherson’s $771 million QIP

by Nimitt Dixit |

Khaitan & Co has advised Samvardhana Motherson, one of the world’s largest suppliers of automotive components, on its recent $771 million fundraise through a qualified institutional placement (QIP)

CAM, Khaitan, Links act on Bajaj Housing Finance’s $782mln IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised Indian home-loan financier Bajaj Housing Finance (BHF) and its promoter Bajaj Finance on BHF’s $782 million initial public offering, with Khaitan & Co and Linklaters representing the book-running lead managers to the offer.

SAM, Trilegal, CAM, Sidley, Links act on $500 mln India baby products IPO

Shardul Amarchand Mangaldas & Co and Sidley Austin have advised India’s Brainbees Solutions, the operator of the FirstCry platform, on its 42-billion-rupee ($500 million) IPO, with Linklaters advising the book-running lead managers (BRLMs).