Flotations & Financing

Stephen Kensell, banking partner at Allen & Overy, led a five-strong team advising Banque Nationale de Paris and Credit Agricole Indosuez on a £4.3bn credit facility for L'Air Liquide SA. French industrial gases group L'Air Liquide is jointly bidding for UK group The BOC Group with US-based Air Products and Chemicals. Banking associate Nicholas Clark and trainee David Sanders at Allen & Overy also worked on the deal with support from European and Middle Eastern partner Peter Hockless at the firm's French office. Freshfields acted for L'Air Liquide.