Freshfields Bruckhaus Deringer and Linklaters have won lead roles on Barclays' takeover of ING Direct UK, the British online banking arm of ING. Barclays is set to inherit 1.5 million customers from ING through the transaction, which will also see Barclays acquire £10.9bn of savings deposits and a mortgage-lending operation with outstanding balances of £5.6bn. The value of the deal has not been disclosed.
October 09, 2012 at 08:16 AM
1 minute read
The original version of this story was published on Legalweek
Freshfields Bruckhaus Deringer and Linklaters have won lead roles on Barclays’ takeover of ING Direct UK, the British online banking arm of ING.
Barclays is set to inherit 1.5 million customers from ING through the transaction, which will also see Barclays acquire £10.9bn of savings deposits and a mortgage-lending operation with outstanding balances of £5.6bn. The value of the deal has not been disclosed.
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