International law firm Norton Rose has advised South Africa’s Absa Bank, a subsidiary of Barclays Bank, on its 10 billion ZAR ($1.2 billion) deal with Edcon. The deal has made Edcon the preferred credit card provider for the bank’s 3.9 million credit customers.

Kevin Cron, head of corporate in South Africa, and Abu Dhabi partner Alan Bainbridge led the deal. They were assisted by team members from across the firm’s practices.

“This has been a remarkable success which extended far across the Norton Rose group team, and presented an excellent opportunity to showcase our global expertise including specialist counsel relating to labour, NCA, tax, FICA, securitisation, bond structures, insurance and service agreements,” said Cron.

Edcon is a major clothing, footwear, and textiles retailing group in southern Africa. ALB

Shaheen Pasha is Middle East Regional Editor at ALB. Follow her on Twitter: @ALB_The Brief.

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