Dechert LLP is representing Bank Audi sal (Bank Audi) in connection with the sale of 96 percent of the share capital of Odea Bank A.S. (Odeabank), Bank Audi’s subsidiary in Türkiye, to ADQ, an Abu Dhabi-based investment and holding company. Bank Audi is the largest shareholder in Odeabank with a 76.4 percent stake. The other sellers include International Finance Corporation, IFC FIG Investment Company Sarl and the European Bank for Reconstruction and Development (EBRD).
The transaction is subject to customary regulatory approvals, including those of the Banking Regulation and Supervision Authority and the Competition Authority in Türkiye.
The Dechert team advising Bank Audi has been led by corporate of counsel Camille Abousleiman and includes counsel James Stonehill; tax partner Daniel Hawthorne and associate Nicolas Kokkinos.
About Dechert
Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients' rights in extreme situations. Our nearly 1,000 lawyers across 20 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.
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