Linklaters, Milbank Tweed Hadley & McCoy and Hogan Lovells have taken roles as Sainsbury's takes full control of its banking arm from Lloyds Banking Group. The deal, announced yesterday (8 May), has seen Linklaters and Milbank advise for the supermarket on its purchase of the remaining 50% of shares from the bank for £248m. Linklaters TMT partner Richard Cumbley and corporate managing associate Michael Honan took the lead for the magic circle firm, which is a long-standing adviser to Sainsbury's.
May 09, 2013 at 06:30 AM
1 minute read
The original version of this story was published on Legalweek
Linklaters, Milbank Tweed Hadley & McCoy and Hogan Lovells have taken roles as Sainsbury’s takes full control of its banking arm from Lloyds Banking Group.
The deal, announced yesterday (8 May), has seen Linklaters and Milbank advise the supermarket on its purchase of the remaining 50% of shares from the bank for £248m.
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