A&O, HSF and Linklaters’ heavy hitters cash in on £1.7bn takeover sale of TSB to Sabadell

This week saw the conclusion of a significant cross-border banking deal as UK bank TSB accepted a £1.7bn takeover offer from Spanish bank Sabadell.

HSF senior partner James Palmer led the team advising TSB group, A&O corporate partners Richard Browne and Pablo Mayor advised Banco Sabadell and Lloyds called its panel firm Linklaters to represent it with a team headed up by corporate partner Matthew Bland.

The deal was the final chapter in the saga which began with the government bailout of Lloyds TSB in 2008 and was followed when TSB was spun out of Lloyds in 2013.

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