Global law firm White & Case LLP has advised BBVA, a leading Spanish bank, on its acquisition of a 9.95 percent stake in Garanti Bank from Dogus Group for approximately EU859 million.
Norton Rose Fulbright has advised a consortium of lenders in relation to the project financing of three onshore wind projects to be constructed by Banks Renewables Limited.
The projects are the 88MW Kype Muir and 51MW Middle Muir projects in South Lanarkshire and the 12MW Moor House wind farm near Darlington in northeast England. The projects are all supported by Contracts for Difference, having been successful in bidding for CFDs in the first auction round.
Clifford Chance has advised DVB Bank SE, Norddeutsche Landesbank Girozentrale and BNP Paribas on the financing of Korean Air Lines' first Boeing 787-9 Dreamliner.
The transaction was led by Bangkok Office Managing Partner Fergus Evans, supported by senior associate Daniel Konig, associate Nattawat Vilasdechanon and paralegal Pauline Debrand in Bangkok. Partner Emily DiStefano, associate Olga Miller and Transactional Paralegal Specialist Jill Ruderfer acted as New York counsel.
Clifford Chance advised NordLB as financing bank on the financing of the investment in frostkrone group by funds advised by EMERAM Capital Partners GmbH. NordLB was the sole underwriter for the credit facility.
The investment is made by EMERAM and by the CEO of frostkrone group to support frostkrone's growth strategy. Frostkrone group is a leading supplier in frozen finger food. The sale and purchase agreement was signed with Ardian as seller of the group. The parties agreed not to disclose the purchase price. The transaction is still subject to antitrust clearance.
Simpson Thacher recently represented the international joint lead managers in connection with a follow-on offering of AEON REIT Investment Corporation, which included an international offering to institutional investors pursuant to Rule 144A and Regulation S. The offering raised approximately ¥35.7 billion (US$312 million) for the issuer, which was used with bank financing towards the acquisition of four new properties.
Davis Polk advised the underwriters in connection with an SEC-registered Schedule B debt offering by The Korea Development Bank of $500 million aggregate principal amount of its floating-rate notes due 2020, $500 million aggregate principal amount of its floating-rate notes due 2022 and $500 million aggregate principal amount of its 2.625% notes due 2022.
After having assisted French banking group Crédit Mutuel Arkéa in relation to its acquisition of all of Belgian online banking leader Keytrade Bank’s activities, including in Switzerland, which became effective in June 2016, Walder Wyss Ltd. assisted Crédit Mutuel Arkéa in relation to the merger by absorption of Keytrade Bank SA, Brussels (seat of the Swiss registered and FINMA licenced branch STRATEO) by Arkéa Direct Bank SA (previously Fortuneo SA), which became effective on 3 November 2016.
Linklaters advised VTB Capital, and Renaissance Capital and CLSA Ltd on the sale by Onexim Holdings Ltd of a c.3% stake in UC Rusal.
UC Rusal is one of the largest aluminium producers in the world, with ordinary shares listed on the Hong Kong and Moscow Stock Exchanges. It is also listed on Euronext Paris in the form of Global Depositary Shares (GDRs) and Moscow Exchange in the form of Russian Depositary Receipts (RDRs).
Linklaters Hong Kong-based partner Alex Bidlake, commented:
Hengeler Mueller is advising the underwriters led by Credit Suisse Securities (Europe) Limited (Process Bank), Barclays Bank PLC, Goldman Sachs International, BNP PARIBAS, COMMERZBANK Aktiengesellschaft, HSBC Trinkaus & Burkhardt AG, Morgan Stanley & Co. International plc and UniCredit Bank AG on the announced rights offering of Deutsche Bank AG in the amount of around EUR 8 bn.
Simpson Thacher recently represented the underwriters, for whom Morgan Stanley & Co. LLC and MUFG Securities Americas Inc. acted as representatives, in connection with the offering by Mitsubishi UFJ Financial Group, Inc. (“MUFG”) of $500 million of Floating Rate Senior Notes due 2022, $1 billion of 2.998% Senior Notes due 2022 and $1 billion of 3.677% Senior Notes due 2027. The offering was made pursuant to MUFG’s shelf registration statement on Form F-3 under the Securities Act.