Dechert Advises on the Sale of Bank Audi sae (Egypt) to First Abu Dhabi Bank
March 01, 2021
Dechert LLP advised Bank Audi sal, a Lebanon-based universal bank and financial services company headquartered in Beirut, on the sale of its Egyptian subsidiary, Bank Audi sae, to First Abu Dhabi Bank. The transaction represents a strategic opportunity for Bank Audi following its successful investment in Egypt, and the proceeds from the sale will contribute to its capitalisation and financial resilience.
The transaction is expected to complete in the next few months, subject to regulatory approvals.
The Dechert London team advising Bank Audi included corporate partner Christopher Field, of counsel Camille Abousleiman and counsel James Stonehill.
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Dechert is a leading global law firm with 26 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for all clients.
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