SNR Denton has advised HSBC on a major deal to grow its Middle East presence via a merger with Oman International Bank (OIB).
May 03, 2012 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
SNR Denton has advised HSBC on a major deal to grow its Middle East presence via a merger with Oman International Bank (OIB).
The deal, which has been structured as a merger of assets rather than a takeover, will see HSBC take a 51% stake in the Omani bank, which has gross assets of $3.2bn (£2bn).
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