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London - Leading global law firm Mayer Brown has advised Standard Bank and Renaissance Capital as managers to the US$98.7 million sale of shares in Umeme Limited, an energy distribution network company in Uganda, by Umeme Holding Limited.

Umeme Holding Limited sold the 45 percent stake it owned in Umeme Limited through a private placement to ensure the bulk of the shares were sold to institutional investors. The shares are listed on the Uganda Securities Exchange and are cross listed on the Nairobi Stock Exchange.

London Corporate & Securities partner Greg Stonefield led the Mayer Brown team. He was assisted by Banking & Finance partner Robert Flanigan and Corporate & Securities associate Simon Allison.