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Linklaters & Alliance acted for Dresdner Bank Luxembourg, Chase Manhattan, Barclays Capital and Deutsche Bank as arrangers of a £1.8bn multi-currency revolving credit facility with dollar and euro swinglines for BMW AG. The deal is one of the largest non-acquisition loan facilities of the year. Banking partner Jeremy Stokeld led the team. Dresdner was also advised by in-house lawyer Dr Gerd Otte. BMW was advised in-house by a team led by Fredrik Altmann. Norton Rose, led by banking partner Charles Proctor, acted as English adviser to BMW.

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