Legal DealFolio - The Government of Pakistan

Latham and Watkins advised the Government of Pakistan's Privatisation Commission in connection with the divestment of its 41.5 percent stake in Habib Bank Limited, the largest bank in Pakistan. Raising proceeds in excess of USD1 billion, the offering represented Pakistan's largest-ever equity offering and the largest from Asia's frontier markets. The divestment formed part of the Government of Pakistan's ongoing privatisation plan, which was anticipated to see a large number of state-owned enterprises sold to the private sector over the next few years. Credit Suisse and Deutsche Bank AG acted as the underwriters for the offering, which was internationally marketed in compliance with Regulation S and Rule 144A of the US Securities Act of 1933. The Latham and Watkins corporate team was led by Dubai partner Nomaan Raja and London partner David Boles, with Dubai associates Basil Al-Jafari and Muhannad Alnajjab assisting with the transaction.

Deal Date:	27-04-2015	Practice Area:	Equity Capital Markets
Deal Title:	The Government of Pakistan - Sale of Habib Bank Stake	Industry:	Banks
Description:	Latham and Watkins advised the Government of Pakistan's Privatisation Commission in connection with the divestment of its 41.5 percent stake in Habib Bank Limited, the largest bank in Pakistan. Raising proceeds in excess of USD1 billion, the offering represented Pakistan's largest-ever equity offering and the largest from Asia's frontier markets. The divestment formed part of the Government of Pakistan's ongoing privatisation plan, which was anticipated to see a large number of state-owned enterprises sold to the private sector over the next few years. Credit Suisse and Deutsche Bank AG acted as the underwriters for the offering, which was internationally marketed in compliance with Regulation S and Rule 144A of the US Securities Act of 1933. The Latham and Watkins corporate team was led by Dubai partner Nomaan Raja and London partner David Boles, with Dubai associates Basil Al-Jafari and Muhannad Alnajjab assisting with the transaction.
Financial Center:	Dubai	Value:	500.01-1000.00
Advised Party:	Selling Shareholders	Law Firm	Latham & Watkins
Issuer Jurisdiction-	Pakistan	Listing Jurisdiction-	UAE
Classification:	Initial Public Offerings	Lawyer	Nomaan A Raja

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Equity Capital Markets Law Firms and Lawyers

Practice Areas - Equity Capital Markets Law Firms and Lawyers