Skip to main content

Freshfields Bruckhaus Deringer has advised Abu Dhabi-based First Gulf Bank on its proposed merger with National Bank of Abu Dhabi (NBAD), part of the emirate's plan to revamp its economy hit by lower oil prices. NBAD was represented by Allen & Overy.

The new entity, which will keep the name of National Bank of Abu Dhabi, will become one of the Middle East and Africa's biggest banks when the tie-up is completed in the first quarter of 2017, rivaling Qatar National Bank, which has recently purchased Turkey's Finansbank.

It will have $175 billion in assets, and is expected to overtake the likes of Britain's Standard Chartered and Royal Bank of Scotland and France's Credit Agricole. 

The Freshfields team that advised FGB was led by corporate partners Pervez Akhtar and Michael Hilton. Partners Stuart Grider and Michael Raffan advised on securities and international regulatory matters, respectively.

Related Articles

Deals

Khaitan, JSA, Hogan Lovells guide $515 mln Waaree IPO

by Nimitt Dixit |

Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.

Deals

CAM, Khaitan guide Adani-backed Renew Exim’s $380 mln ITD acquisition

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised Adani Group's Dubai-based firm Renew Exim DMCC on its acquisition of a 46.64 percent stake in ITD Cementation India for around $380 million from Italian-Thai Development Public Company, who was represented by Khaitan & Co.

Deals

CAM, AZB, SAM, Latham advise on landmark $1.3 bln Swiggy IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.