Successful sale of Cambodian microfinance company
We have assisted with the sale of 80.01% equity in the Cambodian microfinance company AMK Microfinance Institution PLC to The Shanghai Commercial & Savings Bank, Ltd.
We have assisted (a) Agora Microfinance N.V., (b) Rural Impulse Fund II S.A. SICAV-FIS, (c) Societe De Promotion Et De Participation Pour La Cooperation Economique SA, (d) Cambodia-Laos Development Fund SCA, SICAV-SIF and (e) AMK Staff Association (AMK-SA) Ltd with the sale of 80.01% equity in the Cambodian microfinance company AMK Microfinance Institution PLC to The Shanghai Commercial & Savings Bank, Ltd. This marks an attempt by the bank to expand its international financial territory by providing financial services in the Asia-pacific region.
We were heavily involved throughout this six jurisdictional deal, from the negotiation of the Share Purchase Agreement and transaction documents, to advising Sellers on various corporate regulatory matters and the final closing of the deal.
Our team successfully closed the deal ahead of schedule and the team will also assist with the sale of the remaining 20% equity during the second stage.