1st of April, 2013
Sharkawy & Sarhan Advises Société Générale on the Sale of its Egyptian Subsidiary
Keywords: Financial Institutions, Banking & Finance, Mergers & Acquisitions
Sharkawy & Sarhan (“S&S”) advised Société Générale on the sale of its entire stake in its listed Egyptian Subsidiary National Société Générale Bank (“NSGB”) to Qatar National Bank. The value of the transaction amounted to USD 1.97 billion for the stake of Société Générale which represents 77.17% of the shares of NSGB. The transaction is expected to be one of the largest transactions in Egypt this year.
Sharkawy & Sarhan role included advising on and negotiating the Egyptian law aspects of the Share and Purchase Agreement, assisting in the legal due diligence, advising on the mandatory purchase offer requirements under the Capital Market Law, preparing the documents required for executing the transaction and obtaining the approval of the Egyptian Financial Supervisory Authority and the Egyptian Stock Exchange, and dealing with various regulators.
S&S role also includes advising Société Générale on selling its stake in other nonbank subsidiaries.
S&S team on this transaction included partners Ahmed El Sharkawy and Karim Sarhan, senior associate Radwa Sarhan, and associates Heba Raslan, Ahmed Farghal, Yosr Hamza and Esraa Abdelmoniem.
Allen & Overy acted as international counsel for Société Générale.
Sharkawy & Sarhan role included advising on and negotiating the Egyptian law aspects of the Share and Purchase Agreement, assisting in the legal due diligence, advising on the mandatory purchase offer requirements under the Capital Market Law, preparing the documents required for executing the transaction and obtaining the approval of the Egyptian Financial Supervisory Authority and the Egyptian Stock Exchange, and dealing with various regulators.
S&S role also includes advising Société Générale on selling its stake in other nonbank subsidiaries.
S&S team on this transaction included partners Ahmed El Sharkawy and Karim Sarhan, senior associate Radwa Sarhan, and associates Heba Raslan, Ahmed Farghal, Yosr Hamza and Esraa Abdelmoniem.
Allen & Overy acted as international counsel for Société Générale.
Sharkawy & Sarhan Advises Société Générale on the Sale of its Egyptian Subsidiary
1 April, 2013
Keywords: Financial Institutions, Banking & Finance, Mergers & Acquisitions
Sharkawy & Sarhan (“S&S”) advised Société Générale on the sale of its entire stake in its listed Egyptian Subsidiary National Société Générale Bank (“NSGB”) to Qatar National Bank. The value of the transaction amounted to USD 1.97 billion for the stake of Société Générale which represents 77.17% of the shares of NSGB. The transaction is expected to be one of the largest transactions in Egypt this year.
Sharkawy & Sarhan role included advising on and negotiating the Egyptian law aspects of the Share and Purchase Agreement, assisting in the legal due diligence, advising on the mandatory purchase offer requirements under the Capital Market Law, preparing the documents required for executing the transaction and obtaining the approval of the Egyptian Financial Supervisory Authority and the Egyptian Stock Exchange, and dealing with various regulators.
S&S role also includes advising Société Générale on selling its stake in other nonbank subsidiaries.
S&S team on this transaction included partners Ahmed El Sharkawy and Karim Sarhan, senior associate Radwa Sarhan, and associates Heba Raslan, Ahmed Farghal, Yosr Hamza and Esraa Abdelmoniem.
Allen & Overy acted as international counsel for Société Générale.
Sharkawy & Sarhan role included advising on and negotiating the Egyptian law aspects of the Share and Purchase Agreement, assisting in the legal due diligence, advising on the mandatory purchase offer requirements under the Capital Market Law, preparing the documents required for executing the transaction and obtaining the approval of the Egyptian Financial Supervisory Authority and the Egyptian Stock Exchange, and dealing with various regulators.
S&S role also includes advising Société Générale on selling its stake in other nonbank subsidiaries.
S&S team on this transaction included partners Ahmed El Sharkawy and Karim Sarhan, senior associate Radwa Sarhan, and associates Heba Raslan, Ahmed Farghal, Yosr Hamza and Esraa Abdelmoniem.
Allen & Overy acted as international counsel for Société Générale.
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