DUBAI: – Hogan Lovells has advised the International Finance Corporation ("IFC"), a member of the World Bank Group, on the acquisition of a 7.5 percent equity stake in the Afghanistan International Bank ("AIB") to help the bank boost its commercial lending and enhance financial inclusion. AIB has two shareholders, Horizon Associates LLC (Delaware Company) and Wilton Holding Limited (Cayman Island Company) and have each given up to IFC 3.75 percent of their equity stake in AIB.
The Hogan Lovells team was led by Imtiaz Shah (Partner, Dubai), with support from Nada Moallem (Associate, Dubai).
Commenting on the transaction, Imtiaz said:
"We are pleased to support IFC on this strategic transaction which will help boost access to finance for SMEs in Afghanistan at a challenging time".
Hogan Lovells has a first-rate reputation as a leader in mergers and acquisitions. Our international team advises on many of the largest and most complex deals around the world. We have all the resources of a global firm, along with deep capabilities in local markets and broad industry-specific knowledge. We are consistently ranked in the top 10 for deal-making globally. Over the past two years, we advised on more than US$320 billion in announced mergers and acquisitions – or over 400 public and private transactions.
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© Press Release 2017
