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Osborne Clarke advised NewB on its successful €35M public offering


Written on 10 December 2019

Not for publication, distribution or release, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Japan, South Africa or any other jurisdiction in which it would be unlawful to do so.

Osborne Clarke advised NewB on its successful €35M public offering

Osborne Clarke advised NewB on its successful €35 million public offering, one of the key requirements for NewB to obtain a license as a credit institution. NewB is planning to become a Belgian cooperative bank with an ethical and sustainable business model that invests in opportunities to support the environment and social well-being. NewB’s public fundraising has generated much publicity and support throughout Belgium. The Osborne Clarke team is excited and proud to be part of a ground-breaking project that unites best commercial practices with a commitment to some of today’s most pressing ecological and social issues.

Our team assisted NewB on the structure of the offer, the drafting and approval of the prospectus by the FSMA, and the overall legal support surrounding the marketing and the communication prior to and during the offer.

Our Belgian Fintech team, led by Partner Joan Carette, is also assisting NewB in its application as a credit institution with the European Central Bank – the sole banking license application of its kind in Belgium.

The Corporate and M&A team of Osborne Clarke in Belgium was led by Hadrien Chef and included Tonya Aelbrecht, Violette Keppenne, Olivier Lambillon and Laurent Donnay de Casteau.

Osborne Clarke combines sector knowledge and a global reach to support clients in the fintech and commercial banking sectors.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.

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