Hogan Lovells advised Africa and Gulf Bank on its acquisition of First Abu Dhabi Bank Sudan
The sale to a little-known local group is evidence of the divestment by the bank controlled by the Emirate of Abu Dhabi after a presence of more than 40 years in Sudan, where the economic environment remains uncertain.
05/03/2020 at 15h30, by Africa Business+
The Anglo-American law firm’s team was led by Imtiaz Shah, a Dubai-based partner in charge of Hogan’s Corporate practice in the Middle East, and included Robbie Nakarmi, an associate, also based in Dubai. Imtiaz Shah specialises in mergers and acquisitions as well as other issues and played an active role in the sale of 30.6% of RAK Ceramics, the world’s leading ceramic tile manufacturer. Other deals on which he has advised include the establishment of a joint venture between Gucci and Al Tayer Group; a JV between YSL and Al Tayer Group; the acquisition by Fajr Capital of a stake in Bank Islam Brunei Darussalam; the purchase by Konecranes Plc of 100% of Saudi Cranes & Steel Works Factory Ltd; and the acquisition by Al Homaizi Group of Mani Foods from Abraaj Capital.
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