Trio of magic circle firms lead on CYBG's £1.7bn Virgin Money takeover

Three top firms advise on deal to create UK's sixth-largest bank

Slaughter and May, Allen & Overy (A&O) and Clifford Chance (CC) have taken key roles on Clydesdale and Yorkshire Banking Group (CYBG’s) £1.7bn takeover of Virgin Money.

The deal, confirmed today (18 June), will create the UK’s sixth-largest bank, with six million personal and small business customers, although it has been widely reported that about 1,500 jobs are at risk as a result of the combination.

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