A&O Shearman & Sterling LLP has advised The Royal Bank of Scotland on the sale of its 34% stake in NatWest to The Royal Bank of Scotland for £1.04 billion.
"The acquisition of this stake in NatWest is a major milestone in the history of The Royal Bank of Scotland and marks a significant step in the bank's plans to develop its UK business.– Sir Frederick Goodson, Group Chief Executive, The Royal Bank of Scotland
A&O Shearman & Sterling LLP has advised The Royal Bank of Scotland on the sale of its 34% stake in NatWest to The Royal Bank of Scotland for £1.04 billion.
The acquisition is subject to customary regulatory approvals and is expected to be completed in the second quarter of 2001.
The sale of the stake in NatWest is a major milestone in the history of The Royal Bank of Scotland and marks a significant step in the bank's plans to develop its UK business. The bank will continue to operate NatWest as a separate and independent business.
A&O Shearman & Sterling LLP has received numerous awards and recognitions for its work in the financial sector, including:
A&O Shearman & Sterling LLP's representation of The Royal Bank of Scotland in the sale of its 34% stake in NatWest to The Royal Bank of Scotland for £1.04 billion demonstrates the firm's expertise in the financial sector.