Paksoy, working with Freshfields, has advised the Abu Dhabi sovereign wealth fund ADQ on its acquisition of a 96% stake in Odea Bank from Bank Audi, EBRD, IFC, and other shareholders.
The transaction remains contingent on regulatory approval.
Odea Bank is a Turkish financial institution with TRY 87.3 billion in assets.
Bank Audi is a Lebanon-based universal bank and financial services company headquartered in Beirut.
In 2017, Paksoy advised Odea Bank on its tier 2 bond issuance (as reported by CEE Legal Matters on August 28, 2017).
The Paksoy team included Partners Stephanie Beghe Sonmez, Nazli Bezirci, Sera Somay, Muhammed Kesim, and Togan Turan and Associates Deniz Benli, Mert Karakaslar, and Selen Toma.
Paksoy did not respond to our inquiry on the matter.
