Banking and finance in Algeria
The team at Bourabiat Associés advises banks, financial institutions, funds, energy corporations, consumer goods companies as well as telecoms and technology clients on a range matters. Notably, it advises on acquisition finance, project finance, bond issuances, capital markets, and assists clients with transferring loan portfolios from overseas into Algeria. Led by Foued Bourabiat, the team also specialises in Islamic finance transactions and OHADA law.
Groupe Ponroy Santé
International Finance Corporation (IFC)
Myah Bahr Honaine/Aguas de Skikda
Procter & Gamble
The Carlyle Group, CVC Capital Partners and the China Investment Corporation
- Advising the Carlyle Group on its acquisition of a majority of the share capital of Engie’s interest in upstream petroleum activities in various jurisdictions.
The practice gained standing in the market with its focus on restructuring, market transactions, alternative risk transfer instruments, and banking and financial regulation. Clients include banks, financial institutions, multilateral development agencies and governments. Since research concluded, Alain Gauvin left the firm.
The team at Bennani & Associés LLP has particular expertise advising major international banks on issuances of securities and regulatory matters. Mourad Seghir heads the practice. Mohamed Debbouche is another name to note. In recent work, the group assisted Sberbank with the review of the terms and conditions of bank instruments in Algeria and the issuance of securities and bank guarantee instruments.
Banco Popular Espagnol
- Assisted Sberbank with the review of the terms and conditions of bank instruments in Algeria and the issuance of securities and bank guarantee instruments.
- Advised Banco Popular Espagnol, Banco Bilbao, and Caixabank on the refinancing of a fertilizer plant owned by Fertiberia in Algeria.
- Advised Kia on existing payment terms and granted securities in order to seek their enforcement.
At CMS, the team specialises in advising international banks on local regulations. It also has a track record of providing advice on the borrower’s side, usually relating to equity restructuring and exchange control for pharmaceutical clients. Samir Sayah and Amine Sator are key contacts.
Samir Sayah; Amine Sator