Ahmed El Banna

Mr. El Banna’s experience includes advising:

• Abu Dhabi Developmental Holding Company (ADQ) on a US$2 billion acquisition of stakes in five Egyptian public companies, namely Commercial International Bank (CIB), Fawry for Banking Services, Abu Qir Fertilizers, Alex Containers and Cargo Handling, and Misr Fertilizers*
• Al Ahram Beverages Company (ABC), a subsidiary of Heineken Group, on an investigation initiated by the ECA (the antitrust regulator in Egypt) in respect of alleged anticompetitive practices supposedly committed by ABC in the market of alcoholic beverages including beer, wine, and spirits*
• Al Ghurair Investment LLC (UAE) on a potential acquisition of a majority stake in Five Star Flour Mills and Five Star Feed Mills and Animal Produce by a capital increase through issuance of preferred shares*
• Al Rashideen Group (UAE) in the first ever limited tender announced by the Egyptian Industrial Development Authority on a cigarettes manufacturing license*
• Amiral Group on the restructuring of its business, acting as international counsel managing Dutch, Lux, and BVI corporate and tax counsels*
• APIS and Partners on its US$120 million indirect investment in a holding Egyptian joint stock company owning companies operating in consumer finance and microfinance sectors, Tasaheel and Halan*
• Benchmark, Palm Hills Development, Hassan Allam, Emaar, and Inertia on all aspects of their real estate development projects in Egypt*
• C Ventures, a venture capital arm of the Commercial International Bank (CIB), on its investment in PaySky (Cayman Islands)*
• Emirates NBD Bank in connection with a potential acquisition of Blom Bank and its four brokerage, asset-management, insurance, and life insurance subsidiaries*
• First Abu Dhabi Bank (FAB) on a potential acquisition of EFG Hermes Holding through the submission of a mandatory tender offer before the Egyptian Exchange*
• HAH Rising Stars, a subsidiary of Hassan Allam Holding, on its joint venture and minority investment in Naqla Startup through the indirect investment in Birdchoice Limited (the Holding company owning Naqla) by a capital increase*
• Hassan Allam Construction on a potential acquisition of a majority stake in the issued share capital of CACC Cargolinx – Cairo Airport Cargo Company*
• Misr Italia and People and Places for Real Estate Development as the developer of “the Med” real estate development in North Coast, Egypt*
• Misr Technology Services on its concession with the Egyptian Customs Authority in connection with the provision of a gateway to the National Single Window for Foreign Trade Facilitation (Nafeza) integrated information platform in Egypt through blockchain technology*
• Palm Hills Developments, a listed Egyptian joint stock company, on the joint venture with Inspired Education Group to launch the First King's College School in Egypt*
• Post for Investment, the investment arm of the Egyptian Post Authority, on a potential joint venture and acquisition of a minority stake in PaySky Egypt by a capital increase*
• Rashed Al Rashed and Sons (KSA) in connection with a mandatory tender offer for the acquisition of the entire capital of Suez Cement Company, a publicly listed company, the subsequent delisting from the EGX, and the joint venture with Heidelberg Cement*
• Savola Group on a potential merger between its Egyptian subsidiaries: United Sugar Company Egypt and Alexandria Sugar Egypt, and Nile Sugar Company to form a new joint stock company*
• Taaleem Management Services on a joint venture with Palm Hills Education in relation to the incorporation of a joint venture company for the purpose of owning, managing, and operating a private university in Egypt*
• Uber on the layoff of its employees in Egypt, following the closure of UberEats and the termination of its operations in Egypt*

*Matter handled prior to joining Latham