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RBS/ABN-ABN Amro Craigs stake sale

- US$0.00 m

  • Entry date - Thursday, 18 June 2009
  • Jurisdiction - New Zealand
  • Practice - Structured Finance
  • International restructure involved stake sale


  • Firm - Bell Gully
  • Client - ABN Amro
  • Lead Lawyers - David Boswell, David Craig
  • Role - Legal adviser to stake seller
  • Firm - Bell Gully
  • Client - Royal Bank of Scotland
  • Lead Lawyers - David Boswell, David Craig
  • Role - Legal adviser to stake seller
  • Firm - Russell McVeagh
  • Client - ABN Amro Craigs
  • Lead Lawyers - Joe Windmeyer
  • Role - Legal adviser to ABN Amro Craigs

Deal summary

  • International restructure involved sale of RBS and ABN’s stake in ABN Amro Craigs, unwinding or novation of contracts, consideration of Reserve Bank, regulatory matters and negotiating ongoing strategic alliance between RBS, ABN and the Craigs retail business

  • RBS and ABN’s withdrawal from about 30 countries they operate in will take five years

  • Deal closed April 2009


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