Herbert Smith Freehills advises Merrill Lynch on the $350 million sale of Compagnie Financiere de la Bred’s stake in Bank of Queensland.
Herbert Smith Freehills has advised Merrill Lynch International (Australia) Limited (Lead Manager) in relation to the sale by Compagnie Financiere de la BRED – COFIBRED and FCP Bercy of their stake in Bank of Queensland Limited. The sale raised approximately $350 million.
The Herbert Smith Freehills team was led by Philippa Stone, Partner and Global Co-Head of Capital Markets, working with Senior Associate Philip Hart, as well as Partner Edouard Thomas and Senior Associate Olivier Jouffroy from the Paris office.
’We were very pleased to work alongside Merrill Lynch on this transaction, having worked with them on a number of previous transactions,’ said Stone.
King & Wood Mallesons and David Polk acted as Australian Legal Counsel and French Legal Counsel (respectively) for Compagnie Financiere de la BRED – COFIBRED and FCP Bercy.
Herbert Smith Freehills’ capital markets team also recently acted for Commonwealth Bank of Australia on its $2 billion offer of PERLS VI (and concurrent PERLS IV buy-back and Reinvestment Offer), for Bendigo and Adelaide Bank on its $269 million issue of Convertible Preference Shares and concurrent Reset Preference Share Reinvestment Offer and for the sole lead manager and bookrunner on Woolworth’s property demerger and associated capital raising.
The Herbert Smith Freehills’ capital markets team also recently acted for the joint lead managers on Westpac Banking Corporation’s $1.38 billion offer of Capital Notes and $1.5 billion offer of Tier 2 Westpac Subordinated Notes, for the joint lead managers on ANZ’s $1.5 billion offer of ANZ Subordinated Notes, for Colonial on its $1 billion offer of subordinated notes, for the joint lead managers on IAG’s $377 million offer of convertible preference shares, for AGL Energy Limited on its $900 million entitlement offer and $650 million subordinated notes offer and for Ten Network Holdings Limited on its $200 million entitlement offer and its $230 million entitlement offer.
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