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Mayer Brown JSM Advises FMO On 15% Equity Investment In Hamkorbank.

24 September, 2014

 

Mayer Brown JSM has advised Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), the Dutch Development Bank, on a subscription for 15% of the equity in Hamkorbank, a midsize private commercial banks in Uzbekistan and a public company traded on the Tashkent Stock Exchange. Together with the International Finance Corporation (IFC), which has been a shareholder in Hamkorbank since 2010, FMO and IFC will collectively hold a 30% stake in Hamkorbank.

 

Ho Chi Minh City-based consultant David Harrison who led the transaction said, “FMO’s investment in Hamkorbank alongside IFC marks a significant step forward for private commercial banks in Uzbekistan and their potential to attract more foreign investment in a heavily regulated sector.”

 

Other team members include partners Mark Uhrynuk in Hong Kong and Thomas Vitale who advised on certain New York law aspects of the transaction.

 

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