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Hassans negotiates takeover of Spanish bank shares for Mexican investors
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Top Gibraltar law firm Hassans are negotiating the purchase of 20% of the Spanish bank 'Banco Popular' on behalf of a group of Mexican investors.
Leading lawyer Fabian Picardo is representing a company called Blueprime which groups the Mexican investors seeking to buy a substantial stake in the bank.
The takeover bid is being negotiated in London, Madrid and other European capitals, which reflects the growing international presence of Hassans.
Legal sources in Spain told the financial paper 'Expansion' that it is not usual to select a firm of lawyers like Hassans, based in Gibraltar and with offices in Sotogrande, to carry out such a high-level operation.
However, the same sources indicated that Hassans are backed by the London office of the international chambers of Salans, which has just opened an office in Madrid. Hassans is 'a serious chambers of good reputation' said the report.
It notes that Chambers and Partners, the point of reference to evaluate a legal chambers at an international level, has placed Hassans at the top of the Gibraltar list.
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