Clyde & Co advises Pandora on major acquisition in ME

Clyde & Co has advised Pandora, a Danish listed company and leading manufacturer and retailer of hand-finished jewellery, on the regional aspects of its strategic acquisition of Pan ME A/S, a distributor of Pandora jewellery in Bahrain, Oman, Qatar and UAE.

The acquisition of Pan ME A/S has been effected by way of a 100 per cent share transfer, and accords with Pandora's strategy to expand geographically in the Middle East region. The deal will enable Pandora to directly access markets in the Middle East and ensure brand control over the newly acquired retail portfolio comprising of 10 Pandora Concept stores in the UAE and 3 distributor stores in Bahrain, Oman and Qatar.

The Clyde & Co team advising on the acquisition was led by corporate partner, Abhimanyu Jalan with support from Prarthna Chaddha, senior associate and Raeesa Chowdhury, associate.