Corporate Team Flying High With New Deal

Experts Help To Secure Fuel Agreement

19.04.2011

The Corporate team at leading law firm Irwin Mitchell has been instrumental as sole advisors in securing a deal for an independent petroleum company to provide fuel at Heathrow airport.

Mabanaft Limited has signed a deal to help Heathrow’s owners BAA to establish a fuel bunkering station for London Black Cab drivers to re-fuel at the airport. Mabanaft Limited, a leading independent petroleum distribution business, will supply the fuel in a special area provided by BAA.

Irwin Mitchell’s experienced Corporate team were the sole advisers on the deal assisting Mabanaft in setting up a Joint Venture to complete the deal.

Kevin Cunningham, Head of the Yorkshire Corporate Team at Irwin Mitchell, said: “This is an innovative arrangement for supplying taxis with fuel at one of the busiest airports in the world. This is a fantastic development for all concerned, it opens up additional revenue streams for Mabanaft, while providing a quality and much needed fuel service at Heathrow for taxi drivers.”

Mark Rolph, Managing Director of Mabanaft Limited, commented: "We are delighted to have agreed this deal with BAA. We have worked with the Irwin Mitchell team on a number of occasions and they have a proven track record of helping us complete deals.”

Irwin Mitchell’s Corporate Team has also recently led a delegation of leading professional services representatives on an international trade mission to India and advised on a major global deal to acquire PPL Polyurethane Products Ltd by global industrial group Trelleborg.