Freshfields Bruckhaus Deringer has picked up a high-profile mandate advising on the sale of state-owned mortgage lender Northern Rock by UK Financial Investments (UKFI), the body which manages the Government's stakes in UK banks. Corporate partner Barry O'Brien, a longstanding adviser to the Newcastle-based lender's board, is leading the team advising Northern Rock, working alongside global head of finance Alan Newton. The sale is hoped to generate more than £1bn for the Treasury.
June 08, 2011 at 09:58 AM
1 minute read
The original version of this story was published on Legalweek
Freshfields Bruckhaus Deringer has picked up a high-profile mandate advising on the sale of state-owned mortgage lender Northern Rock by UK Financial Investments (UKFI), the body which manages the Government’s stakes in UK banks.
Corporate partner Barry O’Brien, a longstanding adviser to the Newcastle-based lender’s board, is leading the team advising Northern Rock, working alongside global head of finance Alan Newton. The sale is hoped to generate more than £1bn for the Treasury.
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