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A&O and Freshfields advise in $175bn bank merger
Allen & Overy and Freshfields Bruckhaus Deringer have advised on the creation of the biggest bank in the MENA region.
Clyde & Co now has 40 partners in the MENA region Patryk Kosmider
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The bank will be created through the merger of First Gulf Bank and National Bank of Abu Dhabi, with combined assets of approximately $175bn. Following the merger, it will retain the name of National Bank of Abu Dhabi and will operate a network of branches across 19 countries
Freshfields worked with First Gulf Bank, with a team led by MENA regional managing partner Pervez Akhtar and Abu-Dhabi-based partner Michael Hilton.
A&O advised National Bank of Abu Dhabi, with a team understood to be led by Abu Dhabi managing partner Ibrahim Mubaydeen and supported by UAE corporate partner Nicholas Stuart.
Source: The Lawyer
