Skip to main content

Clifford Chance and R&T Sok & Heng Law Office have advised an investor consortium on the $630 million sale of a 70 percent stake in Cambodian microfinance company PRASAC to Korea’s Kookmin Bank (KB) which was represented by Bae, Kim & Lee and DFDL Cambodia.

PRASAC is the leading microfinance deposit-taking institution, and among the top five largest financial institutions in Cambodia.

With this deal, KB becomes the majority shareholder, and intends on buying the remaining 30 percent to make PRASAC a wholly owned subsidiary.

The Clifford Chance team was led by partner Neeraj Budhwani.

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

Deals

Khaitan, SAM, Sidley advise on Torrent Power’s $413 mln QIP

by Nimitt Dixit |

Indian law firm Khaitan & Co has advised Torrent Power on its equity offering of $413 million through a qualified institutional placement of shares. Shardul Amarchand Mangaldas & Co and Sidley Austin advised the bookrunning lead managers on the deal.

Deals

IndusLaw guides Zepto’s $350 mln funding round

by Nimitt Dixit |

IndusLaw has guided Indian quick commerce company Zepto on its latest $350 million funding round led by Motilal Oswal's Private Wealth division.

Deals

9 firms advise on milestone $8.2 bln cross-border insurance deal

by Sarah Wong |

Global law firms Debevoise & Plimpton, Kirkland & Ellis and Herbert Smith Freehills are acting for Bermuda-based insurer Resolution Life on its $8.2 billion sale to Japan’s Nippon Life Insurance, the largest overseas acquisition by a Japanese insurer to date.