Macfarlanes, A&O Shearman and Uria Menendez have picked up lead roles on Santander’s £2.65bn acquisition of TSB, in the latest instance of consolidation in the global banking sector.
The deal marks a first-time instruction for Macfarlanes by TSB’s owner Banco Sabadell, with the City firm introduced to the Spanish financial services group by its local counsel Uria.
