Charles Russell Speechlys Counsels BMB through Successful Takeover
Charles Russell Speechlys has advised Bahrain Middle East Bank B.S.C. (“BMB”), a wholesale bank listed on the Bahrain Bourse, in relation to the voluntary takeover bid by its largest current shareholder.
The takeover of BMB is the first takeover involving a bank in the Kingdom of Bahrain since 2014.
Charles Russell Speechlys advised BMB on all regulatory matters relating to the takeover offer, including in relation to the requirements of the Central Bank of Bahrain (“CBB”) and the regulations set out in Volume 6 – Takeovers, Mergers & Acquisitions Module of the CBB’s Rulebook, as well as drafting relevant offer documentation including the board circular.