Mayer Brown Advises Sotheby's on Sale of Minority Stake to ADQ
August 10, 2024
August 10, 2024
CHICAGO, Illinois, Aug. 10 -- Mayer Brown, a law firm, issued the following news:
Mayer Brown advised Sotheby's, the global leader in fine art and secondary market luxury, on the tax and structuring aspects in connection with the sale of a minority stake to ADQ, an Abu Dhabi-based investment and holding company. The total amount of investment is approximately $1 billion.
Under the terms of the agreement, ADQ will acquire newly issued shares of Sotheby's to red . . .
Mayer Brown advised Sotheby's, the global leader in fine art and secondary market luxury, on the tax and structuring aspects in connection with the sale of a minority stake to ADQ, an Abu Dhabi-based investment and holding company. The total amount of investment is approximately $1 billion.
Under the terms of the agreement, ADQ will acquire newly issued shares of Sotheby's to red . . .