Milbank Advises Bank Audi on EBRD’s Acquisition of Shares, Its First-Ever Investment in Lebanon
Milbank, Tweed, Hadley & McCloy LLP’s Global Capital Markets Group advised Bank Audi sal in connection with the European Bank for Reconstruction and Development (EBRD)’s acquisition of Bank Audi common ordinary shares listed on the Beirut Stock Exchange, representing approximately 2.51% of Bank Audi’s total common shares outstanding. The share acquisition constitutes EBRD’s first-ever investment in Lebanon and its first equity investment in a banking institution in the southern and eastern Mediterranean (SEMED) region.