Shearman & Sterling advised EFG Hermes on the sale of its 40% stake in Credit Libanais for US$310 million. The stake was sold to Arab and Lebanese investors at US$33.00 per share.

The Shearman & Sterling team included partners Marwan Elaraby (Abu Dhabi-Capital Markets), David Dixter (London-Capital Markets) and Simon Burrows (London-Mergers & Acquisitions); counsel Pawel Szaja (London-Capital Markets); and associate Paul Pasalic (London-Mergers & Acquisitions).