White & Case advises Lesha Bank on US$135 million acquisition of Bereke Bank

Global law firm White & Case LLP has advised Qatar-based Lesha Bank on the approximately US$135 million acquisition of 100 percent of the share capital in Kazakhstan-based Bereke Bank JSC from Baiterek National Management Holding JSC, a Kazakhstan sovereign wealth fund.

"This transaction showcased our Firm's cross-border capabilities, with contributions from lawyers across time zones also highlighting the unique strength we have in the Middle East and Kazakh markets and our leading position in global financial institutions mergers and acquisitions," said White & Case partner Charbel Abou Charaf, who co-led the Firm's deal team."

White & Case partner Maxim Telemtayev, who co-led the deal team, said: "Our work involved lawyers from various offices and practices and close coordination was crucial to driving this deal to a successful close."

Lesha Bank is a listed entity on the Qatar Stock Exchange and regulated by the Qatar Financial Centre Regulatory Authority. Bereke Bank is a former subsidiary of Sberbank in Kazakhstan prior to being nationalized by the Kazakh government through Baiterek.

The White & Case team that advised on the transaction was led by partners Charbel Abou Charaf (London), Maxim Telemtayev (Astana) and Hyder Jumabhoy (London), and included partners Sara Nordin (Brussels & Stockholm) and Jonah Anderson (London), counsel Peter Chessick (Washington, DC) and Pavel Boulatov (Astana) and associates Madina Arturova, Chingiz Kraibekov, Adil Nurmaganbetov, Adilet Sagiyev, Assel Konyskerey, Yerken Zhakibayev (all Astana), Damian Lubocki (Warsaw), Mhairi Fraser (London) and Elias Choueifati (Doha).

Press contact
For more information please speak to your local media contact.