The Spanish banking giant announced today that it has put in an offer for British bank Alliance & Leicester, which was formerly a building society.
Slaughter and May fielded a team from its
Corporate chief Frances Murphy, along with corporate partners Roland Turnill and Andrew Jolly, led a large team from the firm, with tax partner Steve Edge, financial regulatory partner Jan Putnis, competition partner Bertrand Louveaux, and pensions and employment partner Roland Doughty assisting.
Banco Santander, which is also the sixth-largest banking group in the world, took advice from Uria Menendez, with corporate partner Salvador Sanchez-Teran offering local advice.
Meanwhile, A&O advised Alliance & Leicester on the offer, with corporate finance partner Mark Wippell taking the lead role.
The offer is expected to be completed by the autumn and will see Banco Santander wholly acquire Alliance & Leicester.
Last year Alliance & Leicester made all its legal advisers sign standard fee arrangements and tougher terms and conditions, but left its panel line-up unchanged.
Freshfields Bruckhaus Deringer, Norton Rose, A&O, Eversheds and Taylor Wessing are thought to be the bank's panel of preferred legal advisors.More news, deals and comment on Allen & Overy
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