IFLR1000

Qatar National Bank €2.7 billion acquisition of a stake in Finansbank from the National Bank of Greece

21/12/2015
Private acquisition
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€ 2.75 billion

$ 2.883 billion

Completed

21/12/2015

Overview:

  • The Qatar National Bank (QNB) acquired a 99.81% stake in Finansbank from the National Bank of Greece (NBG) for €2.75 billion, making it the highest-value Turkish deal of 2015.
  • QNB Capital and JPMorgan acted as joint financial advisers to QNB on the deal.
  • Goldman Sachs International and Morgan Stanley & Co International served as financial advisers to the NBG.

Jon Moore - Journalist

Jurisdiction:

Türkiye

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Turkey

Industry sector:

Banking

Firms:
Clifford Chance

Party: Qatar National Bank (Acquirer)

Lawyers: Itır Çiftçi, Mohammed Al-Shukairy

Freshfields Bruckhaus Deringer

Party: National Bank of Greece (Seller)

Verdi Law Office

Party: National Bank of Greece (Seller)

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