A&O and Freshfields advise in $175bn bank merger

By Victoria Basham

07 July 2016 at 09:05 BST

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

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


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