Shearman & Sterling advised Société Générale on its definitive agreement to sell its entire 99.08% stake in its Greek subsidiary, Geniki Bank, to Piraeus Bank. Specifically, the agreement provides for the sale by Société Générale of a 99.08% stake in Geniki’s share capital, representing 100% of Société Générale’s interest, including Société Générale’s advances in capital.
Tags: Shearman & Sterling LLP
Ian McKenna, a leading Insurance and Reinsurance lawyer with more than two decades of experience, has joined the London office of international law firm Locke Lord. McKenna’s global insurance experience and perspective will strengthen and diversify the Firm’s already powerful insurance industry base, both in the UK and around the world.
Tags: Locke Lord LLP
Morgan Lewis today announced that a team of white collar attorneys, led by former acting U.S. Attorney General and Deputy Attorney General George J. Terwilliger III, will join the firm’s Litigation Practice, resident in Washington, D.C. Joining as partners, along with Mr. Terwilliger, are Daniel Levin, Matthew Miner, and Robert J. Bittman-all white collar investigations and litigation practitioners with significant prior government experience.
Tags: Morgan, Lewis & Bockius LLPShearman & Sterling represented Banco Bradesco BBI S.A., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Itau BBA USA Securities, Inc., BB Securities Ltd, and Banco BTG Pactual S.A.-Cayman Branch as initial purchasers in connection with the offering of US $500,000,000 aggregate principal amount, issued in a 144A/Reg S offering, of 8.25% Senior Notes due 2019 of OAS Investments GmbH and guaranteed by its parent company OAS S.A. and OAS S.A.’s wholly owned subsidiaries Construtora OAS Ltda. and OAS Investimentos S.A.
Tags: Shearman & Sterling LLP | New York
Global law firm White & Case LLP is advising BofA Merrill Lynch, Barclays, Citi and Deutsche Bank as joint bookrunners as well as ten lead managers in connection with Nokia Corporation’s (“Nokia”) offering of EUR 750 million Senior Unsecured Convertible Bonds due 2017 convertible into ordinary shares of Nokia.
Tags: White & Case LLP
The global law firm Jones Day has announced that Doreen Davis has joined the Firm’s New York Office as a partner in the Labor & Employment Practice. She arrives from Morgan Lewis, where she was a partner in and national co-chair of the Labor-Management Relations and Labor Disputes Practice.
Tags: Jones Day | New York
Hunton & Williams (Thailand) Limited advised Krung Thai Bank PCL on its recent 35 billion baht (USD1.2 billion) rights offering. Krung Thai Bank (KTB:Bangkok) is the largest state-owned financial institution in Thailand. KTB’s first capital increase in 13 years and the largest ever by a Thai corporation, the share offering was the first by a Thai bank, or by any Thai issuer, under Rule 801 of the U.S. Securities Laws. It was successfully subscribed in full by the bank’s existing shareholders.
Tags: Hunton Andrews Kurth LLP
Paul Hastings, a leading global law firm, announced today that it represented Yuzhou Properties Company Limited (“Yuzhou Properties”), a leading property developer in China’s Fujian province listed on the Main Board of the Hong Kong Stock Exchange, on its issuance of senior notes in the aggregate principal amount of US$250 million.
Tags: Paul Hastings, LLP | Hong Kong
Akin Gump Strauss Hauer & Feld LLP acted as legal counsel to Kayne Anderson Capital Advisors in its sale of 19 student housing properties to American Campus Communities (ACC). The total value of the deal is $862 million.
Tags: Akin Gump Strauss Hauer & Feld LLP | New YorkOneBeacon Insurance Group recently announced it will sell its runoff business to an affiliate of Bermuda-based Armour Group Holdings Ltd. for around $107 million, subject to regulatory approval. Certain legal entities will be transferred to Armour from OneBeacon including assets, liabilities and capital supporting the run-off business as well as certain elements of the runoff business infrastructure which includes staff and office space. As of September 30, 2012, the gross reserves associated with OneBeacon’s run-off business were in excess of $2.2 billion.
