Cleary Gottlieb Steen & Hamilton has joined in the sale of struggling Benelux bank Fortis, securing the instruction for BNP Paribas on its €14.5bn (£11.3bn) offer.
The sale follows an €11.2bn (£8.8bn) cash injection from the Benelux governments. Fortis has been advised by Linklaters, with Brussels-based partners Jean-Marie Nelissen Grade and Eric Pottier leading.
The Cleary Gottlieb team was led by Paris corporate partner Pierre-Yves Chabert, Brussels counsel Laurent Ruzette and Paris associate Amélie Champsaur.
The Belgian government and financial regulators have been advised by Herbert Smith regional ally Stibbe and local firms Liedekerke Wolters Waelbroeck Kirkpatrick and Eubelius.