United Arab Emirates-based National Bank of Ras Al Khaimah (RAKBANK) is looking to acquire a majority stake in Ras Al Khaimah National Insurance Co, the lender said on Thursday.
RAKBANK, the sixth-largest lender by market value on the Abu Dhabi bourse and 50 percent owned by the government, is talking to the country's markets regulator as well as Abu Dhabi exchange to ratify details and mechanism of the deal, it said in a bourse filing.
Malaysian law firm RDS Partnership has hired veteran corporate/M&A lawyer Raphael Tay as a partner from local boutique LAW Partnership, where he headed the corporate and commercial practice.
Sidley Austin has advised Malaysia’s Axiata Group on its Indonesian subsidiary’s acquisition of Axis Telekom Indonesia from Saudi Telecom Company (STC), which was guided by Freshfields.
Papua New Guinea energy company Oil Search Ltd launched a fight on Friday to contest French oil giant Total SA's purchase of a 40 percent stake in PNG's biggest undeveloped gas field.