Davis Polk wins mandate for billion dollar RBS deal

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’ wholly owned subsidiary Citizens Financial Group and is expected to be finalised in the fourth quarter of this year.

New York corporate powerhouse Wachtell Lipton Rosen & Katz is acting for Charter One.