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Finance & Banking

Dentons advises HSBC on the financing of one of the largest-ever real estate portfolio transactions in Poland

19 Jan 2018

Dentons has advised HSBC Bank plc on c. EU635 million of real estate finance investment facilities to Chariot Top Group BV, a special purpose vehicle incorporated in the Netherlands and owned by an equity consortium including, amongst others, funds managed by Oaktree Capital Management, L.P. and Redefine Properties, to acquire a retail portfolio from Ares Management L.P., AXA Investment Managers - Real Assets and Apollo Rida. The deal is valued at around EU1 billion.

English Supreme Court confirms Dexia victory in Italian local authority swaps claim

19 Jan 2018

The Supreme Court has refused to grant Comune di Prato permission to appeal the decision of the Court of Appeal in the case of Dexia Crediop S.p.A. -v- Comune di Prato ([2017] EWCA Civ 428).  The decision brings an end to the long-running litigation between Dexia and Prato and confirms the validity of the swaps between them, which had been challenged by Prato.  Dexia was represented by Allen & Overy with advice on Italian law issues from Bonelli Erede Pappalardo.

Banco del Estado de Chile $500 Million Notes Offering

19 Jan 2018

Davis Polk advised the dealers in connection with a Rule 144A and Regulation S offering by Banco del Estado de Chile of $500 million aggregate principal amount of 2.668% senior notes due 2021 under Banco Estado’s medium-term notes program.

Banco Estado is the fourth-largest financial institution in Chile in terms of aggregate loans, the largest in terms of number of customers and geographic coverage (in terms of number of Chilean cities with a branch) and the market leader in Chile in residential mortgages (in terms of the number of loans made).

Baker McKenzie advises Japan's MUFG on strategic bank acquisition in Indonesia

19 Jan 2018

A cross-border team from Baker McKenzie has advised Japan's largest financial group, Mitsubishi UFJ Financial Group, Inc (MUFG), on a strategic investment into PT Bank Danamon Indonesia Tbk. (Bank Danamon).

The transaction is expected to strengthen MUFG’s growth in Asia & Oceania and also contribute to the development of the banking sector in Indonesia.

Baker McKenzie advised Vietnam’s Ho Chi Minh City Development Joint Stock Commercial Bank on its IPO

19 Jan 2018

This deal is the second largest in the Vietnamese banking sector history

Baker McKenzie advised Vietnam’s Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) on its initial public offering of shares (IPO). HDBank's USD 300 million IPO sets to be the second largest deal in the Vietnamese banking sector history since the Bank for Foreign Trade's (Vietcombank's) USD 463 million IPO in 2007.

Baker McKenzie advised Vietnam’s Ho Chi Minh City Development Joint Stock Commercial Bank on its IPO

19 Jan 2018

This deal is the second largest in the Vietnamese banking sector history

Baker McKenzie advised Vietnam’s Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) on its initial public offering of shares (IPO). HDBank's USD 300 million IPO sets to be the second largest deal in the Vietnamese banking sector history since the Bank for Foreign Trade's (Vietcombank's) USD 463 million IPO in 2007.

Baker McKenzie advises Japan's MUFG on strategic bank acquisition in Indonesia

19 Jan 2018

A cross-border team from Baker McKenzie has advised Japan's largest financial group, Mitsubishi UFJ Financial Group, Inc (MUFG), on a strategic investment into PT Bank Danamon Indonesia Tbk. (Bank Danamon).

The transaction is expected to strengthen MUFG’s growth in Asia & Oceania and also contribute to the development of the banking sector in Indonesia.

English Supreme Court confirms Dexia victory in Italian local authority swaps claim

19 Jan 2018

The Supreme Court has refused to grant Comune di Prato permission to appeal the decision of the Court of Appeal in the case of Dexia Crediop S.p.A. -v- Comune di Prato ([2017] EWCA Civ 428).  The decision brings an end to the long-running litigation between Dexia and Prato and confirms the validity of the swaps between them, which had been challenged by Prato.  Dexia was represented by Allen & Overy with advice on Italian law issues from Bonelli Erede Pappalardo.

Dentons advises HSBC on the financing of one of the largest-ever real estate portfolio transactions in Poland

19 Jan 2018

Dentons has advised HSBC Bank plc on c. EU635 million of real estate finance investment facilities to Chariot Top Group BV, a special purpose vehicle incorporated in the Netherlands and owned by an equity consortium including, amongst others, funds managed by Oaktree Capital Management, L.P. and Redefine Properties, to acquire a retail portfolio from Ares Management L.P., AXA Investment Managers - Real Assets and Apollo Rida. The deal is valued at around EU1 billion.

Bird & Bird advises Berenberg, Gossler & Co as sole global bookrunner on a secondary placing of shares for AIM listed XLMedia

19 Jan 2018

International law firm Bird & Bird has advised Joh. Berenberg, Gossler & Co. KG as sole global bookrunner on a successful placing of new Ordinary Shares for XLMedia Plc, raising gross proceeds of £31.7 million. The placing was oversubscribed and was carried out by way of an accelerated bookbuild. The admission of the new Ordinary Shares to trading on AIM will take place on 22 January 2018.

XLMedia, a leading provider of digital performance marketing, will use the proceeds from the placing to fund future acquisition opportunities.