Slaughter and May advised Republic Bank Limited on the acquisition of 32% of the shareholding of HFC Bank Ghana Limited, making it the single largest shareholder in the Ghana bank. The acquisition completed on 11 June 2013.

HFC Bank was licensed as a commercial bank in 2003 and operates 26 branches throughout Ghana. The bank has an asset base of US$301 million and declared profit after tax of US$7.7 million in its last financial year.

CONTACTS

Corporate and Commercial: Gary Eaborn (partner), Robert Johal (associate)

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