A&O, Addleshaws bag building society sale

Allen & Overy (A&O) and Addleshaw Goddard have won key roles on Skipton Building Society’s acquisition of Scarborough Building Society.

The A&O team advising Skipton will be headed up by corporate partner Richard Slynn with employment and pensions advice provided by partners Stefan Martin and Maria Stimpson respectively. Scarborough will be advised by financial services partners Adam Bennett and Neil ­Woolhouse.

The transaction is expected to complete in early 2009 and will create a top-five building society.