Shahid Law Firm, with the international law firm Jones Day, is proud to have successfully advised Ferro Corporation, the world leader in technology-based functional coatings and color solutions, in respect to the signing of its definitive agreement to sell its tile coatings business to Pigments Spain, S.L. a company of the Esmalglass-Itaca-Fritta group, (a portfolio company of Lone Star Funds), for $460 million in cash. The Transaction also includes an additional amount of $32 million in cash based on the performance of the business pre-closing, subject to customary adjustments. Consummation of this global transaction is subject to the receipt of regulatory approvals and the satisfaction or waiver of other customary closing conditions. Shahid Law Firm advised in relation to various matters and complexities associated to the Egyptian assets comprising the deal. Shahid Law Firm’s team was led by Partners Rasha Maurice and Dr. Michael Boutros , and supported by associate Moamen Abdel Moamen.