Linklaters has advised Barclays on the sale of the entirety of its banking businesses in Pakistan to Habib Bank Limited (HBL) to be effected by way of a scheme of amalgamation. This is part of its programme of disposals of its non-core assets.

HBL is Pakistan’s largest bank offering a wide range of commercial and retail banking services. 

The deal is expected to be completed within the first half of 2015, subject to regulatory approval.

The Linklaters team is being led by Corporate partner Savi Hebbur and managing associate Sushil Jacob.