Simpson Thacher Represents Centro Financiero BHD in Announced Merger with Grupo Financiero León
12.16.13
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The Firm is representing Centro Financiero BHD of the Dominican Republic (“BHD”) in connection with its announced plan to merge its financial services business with that of Grupo Financiero León. The new merged entity, to be called Banco BHD-León, will be the Dominican Republic’s second largest privately held bank holding company and the fifth largest private banking institution in the Caribbean and Central American region, with approximately US$4 billion in assets. The transaction is subject to regulatory approval and is expected to close by mid-2014.
Jaime Mercado is advising BHD in connection with the transaction.