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Jones Day client Standard Bank wins M&A Deal of the Year award from ALB China Law

March 2012


Jones Day client Standard Bank Group Limited has received the Westlaw China Award M&A Deal of the Year for 2012 at the ALB China Law Awards for the disposal of the majority of its interest in Standard Bank Argentina S.A. (SBA), and associated local affiliates Standard Investments S.A. Sociedad Gerente de Fondos Comunes de Inversión, and Inversora Diagonal Sociedad Anónima, to the Industrial and Commercial Bank of China Limited (ICBC). Jones Day Atlanta partner Maria F. Farall, a member of the Firm's Mergers & Acquisitions Practice and one of the leaders of the Latin America Practice, leads the Firm's representation of Standard Bank Group.

Standard Bank has a 75 percent shareholding in SBA and a 70 percent shareholding in the local affiliates. The remaining shares in the target companies are held by an investment vehicle for the Argentine Sielecki and Werthein families. Post closing, Standard Bank will retain a 20 percent stake in the target companies and the minority shareholders will sell the entirety of their interest to ICBC.

The transaction was announced on August 5, 2011. The Jones Day team led by Ms. Farall includes John Phillips, Simon Kiff, Tom Hussey, Hannah Boyd, Edward Nalbantian, Amy Kho, and Nicholas Davies in the London Office.

Jones Day is a global law firm practicing in the major centers of business and finance throughout the world. Ranked among the world's best and most integrated law firms, and perennially ranked among the best in client service, Jones Day acts as principal outside counsel to, or provides significant legal representation for, approximately half of the Fortune 500, Fortune Global 500, and FT Global 500.

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