1st of June, 2013
Sharkawy & Sarhan Advised BNP Paribas on the Sale of its Egyptian Subsidiary
Keywords: Financial Institutions, Banking & Finance, Mergers & Acquisition
Sharkawy & Sarhan (“S&S”) advised BNP Paribas S.A. on the sale of its entire stake in its Egyptian Bank BNP Paribas S.A.E. to Emirates NBD PJSC. The value of the transaction amounted to USD 500 million. The closing took place in Cairo on Sunday June 9 after the transaction was executed in the stock exchange.
Sharkawy & Sarhan role included advising on and negotiating the Egyptian law aspects of the share and purchase agreement, assisting in the legal due diligence, preparing the documents required for executing the transaction and obtaining the approval of the various authorities, dealing with various regulators, and advising BNP Paribas on selling its stake in another non-bank subsidiary in Egypt.
S&S team on this transaction included partner Amr A. Abbas, senior associate Ahmed Haggag, and associates Mohamed Nabil, Lobna Emad, and Reham Eissa.
Allen & Overy acted as international counsel for BNP Paribas S.A.
This is the second sale of Egyptian bank Sharkawy & Sarhan advises on this year that reaches financial closing.
Sharkawy & Sarhan role included advising on and negotiating the Egyptian law aspects of the share and purchase agreement, assisting in the legal due diligence, preparing the documents required for executing the transaction and obtaining the approval of the various authorities, dealing with various regulators, and advising BNP Paribas on selling its stake in another non-bank subsidiary in Egypt.
S&S team on this transaction included partner Amr A. Abbas, senior associate Ahmed Haggag, and associates Mohamed Nabil, Lobna Emad, and Reham Eissa.
Allen & Overy acted as international counsel for BNP Paribas S.A.
This is the second sale of Egyptian bank Sharkawy & Sarhan advises on this year that reaches financial closing.
Sharkawy & Sarhan Advised BNP Paribas on the Sale of its Egyptian Subsidiary
1 June, 2013
Keywords: Financial Institutions, Banking & Finance, Mergers & Acquisition
Sharkawy & Sarhan (“S&S”) advised BNP Paribas S.A. on the sale of its entire stake in its Egyptian Bank BNP Paribas S.A.E. to Emirates NBD PJSC. The value of the transaction amounted to USD 500 million. The closing took place in Cairo on Sunday June 9 after the transaction was executed in the stock exchange.
Sharkawy & Sarhan role included advising on and negotiating the Egyptian law aspects of the share and purchase agreement, assisting in the legal due diligence, preparing the documents required for executing the transaction and obtaining the approval of the various authorities, dealing with various regulators, and advising BNP Paribas on selling its stake in another non-bank subsidiary in Egypt.
S&S team on this transaction included partner Amr A. Abbas, senior associate Ahmed Haggag, and associates Mohamed Nabil, Lobna Emad, and Reham Eissa.
Allen & Overy acted as international counsel for BNP Paribas S.A.
This is the second sale of Egyptian bank Sharkawy & Sarhan advises on this year that reaches financial closing.
Sharkawy & Sarhan role included advising on and negotiating the Egyptian law aspects of the share and purchase agreement, assisting in the legal due diligence, preparing the documents required for executing the transaction and obtaining the approval of the various authorities, dealing with various regulators, and advising BNP Paribas on selling its stake in another non-bank subsidiary in Egypt.
S&S team on this transaction included partner Amr A. Abbas, senior associate Ahmed Haggag, and associates Mohamed Nabil, Lobna Emad, and Reham Eissa.
Allen & Overy acted as international counsel for BNP Paribas S.A.
This is the second sale of Egyptian bank Sharkawy & Sarhan advises on this year that reaches financial closing.
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