Slaughter and May and Linklaters have landed the lead roles on Prudential’s binding agreement to sell its internet banking subsidiary Egg to Citigroup. Slaughters advised Prudential on the £575m disposal, led by partner William Underhill, who also advised Prudential on its £217m takeover of the remaining 22 per cent stake two years ago. Linklaters, led by partners Nick Rees and Carlton Evans, acted for longstanding client Citigroup. Prudential has agreed to a UK distribution agreement with Citigroup to provide life and pensions products to Egg customers over a five-year period. In addition, Prudential has been selected as a strategic provider to Citigroup for the distribution of life assurance products to consumer banking customers in parts of Asia.