Global law firm White & Case LLP has advised Dexia on the €2.8 billion sale of its DenizBank unit to Russia’s Sberbank. DenizBank is Turkey’s sixth-largest private sector bank, and the deal includes the bank’s subsidiaries in Turkey, Austria and Russia.
“White & Case has an established record of advising on complex, cross-border transactions,” said David Crook, M&A partner at White & Case. “This is a great example of our ability to put together a team that combines our expertise as an established leader in a growing market like Turkey with our international English law M&A capabilities.”
The White & Case team was led by partners David Crook (London), Meltem Akol (Istanbul), Asli Basgoz (Istanbul) and Gisele Rosselle (Brussels). They were assisted by Istanbul-based associates Anthony O’Connor, Nil Akman and Derin Altan.
Subject to regulatory approval, the transaction is targeted to close in the fourth quarter of 2012.
