BLOM Bank Sal’s Sale of 99.4% Stake in BLOM BANK Egypt SAE


Baker McKenzie Cairo advises BLOM Bank SAL on the deal.

BLOM BANK SAL on its agreement to sell its 99.4% stake in BLOM BANK Egypt SAE through a mandatory tender offer to Arab Banking Corporation B.S.C., an international Bahraini bank headquartered in Manama. The proposed amount for selling 100% of the share capital of Blom Bank’s Egyptian subsidiary is EGP 6.7 billion (USD 427 million).

The Baker McKenzie team was led by Partner Mohamed Ghannam (Picture), and included Partner Mohamed Barakat, Senior Associate Sameh Dahroug, and Junior Associate Mohamed El Hossamy.

Involved fees earner: Mohamed Barakat – Baker McKenzie; Sameh Dahroug – Baker McKenzie; Mohamed El Hossamy – Baker McKenzie; Mohamed Ghannam – Baker McKenzie;

Law Firms: Baker McKenzie;

Clients: BLOM Bank SAL ;

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Author: Andrea Canobbio