Allen & Overy advises ICBC on acquisition of issued share capital of Tekstilbank
Allen & Overy has advised Industrial and Commercial Bank of China (ICBC) on its proposed acquisition of 75.5 per cent of the issued share capital of Tekstil Bankası (Tekstilbank) from GSD Holding for TRY669m (£190m). Under Turkish capital markets law, the acquisition will trigger a post-closing mandatory tender offer for all remaining shares in Tekstilbank.
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