Latham & Watkins and Cleary Gottlieb Steen & Hamilton have advised on a significant strategic collaboration between Lenovo Group Limited, the world’s largest computer manufacturing company, and Alat, a subsidiary of Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF). Lenovo, advised by Cleary, plans to sell a $2 billion zero-coupon convertible bond to Alat, advised by Latham. In return, Lenovo will establish a MEA headquarters and a new manufacturing facility in Riyadh.
For detailed insights into the deal, please visit the original article on Law.com.