Nordea - divestment of its Polish banking, life and financing businesses to PKO
Slaughter and May, working with K&L Gates, Warsaw, is advising Nordea Bank AB (publ), registered in Sweden, on the English law aspects of the divestment of its Polish banking, financing and life insurance operations, including Nordea Bank Polska S.A., to PKO Bank Polski S.A.
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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