Davis Polk wins instruction on RBS acquisition

Linklaters’ UK client Royal Bank of Scotland (RBS) has turned to Davis Polk & Wardwell for its surprise £5.8bn acquisition of US retail bank Charter One. Davis Polk is working with Boston-based firm Goodwin Proctor on the transaction, which is being conducted through RBS’s wholly-owned subsidiary Citizens Financial Group and is expected to be finalised in the fourth quarter of this year. Wachtell Lipton Rosen & Katz is acting for Charter One.

First revealed on www.thelawyer.com 5 May