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White & Case Advises Dexia on €2.8 Billion DenizBank Sale to Sberbank

London, Istanbul, Moscow, June 11, 2012 ... Global law firm White & Case LLP has advised Dexia on the €2.8 billion sale of its DenizBank unit to Russia's Sberbank. DenizBank is Turkey's sixth-largest private sector bank, and the deal includes the bank’s subsidiaries in Turkey, Austria and Russia.

"White & Case has an established record of advising on complex, cross-border transactions," said David Crook, M&A partner at White & Case. "This is a great example of our ability to put together a team that combines our expertise as an established leader in a growing market like Turkey with our international English law M&A capabilities."

The White & Case team was led by partners David Crook (London), Meltem Akol (Istanbul), Asli Basgoz (Istanbul) and Gisele Rosselle (Brussels). They were assisted by Istanbul-based associates Anthony O’Connor, Nil Akman and Derin Altan.

Subject to regulatory approval, the transaction is targeted to close in the fourth quarter of 2012.

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White & Case LLP is a leading global law firm with lawyers in 38 offices in 26 countries. Among the first US-based law firms to establish a truly global presence, we provide counsel and representation in virtually every area of law that affects cross-border business. Our clients value both the breadth of our global network and the depth of our US, English and local law capabilities in each of our regions and rely on us for their complex cross-border transactions, as well as their representation in arbitration and litigation proceedings.

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