Paul Hastings (Europe) LLP is advising the shareholders of The Co-Operative Bank on a £780 million sale to Coventry Building Society. This strategic transaction is expected to create a combined entity with a pro forma balance sheet totaling £89 billion as of December 31, 2023. The transaction team at Paul Hastings is led by partner Matthew Poxon along with senior associate Matthew Calvert and associate Silas Raggett. Additional members include partners Jiten Tank and Nina Moffatt, and trainee Orla Cooke. The deal is pending regulatory approval from the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). Paul Hastings is internationally recognized for its expertise in a variety of legal specialties including mergers and acquisitions, private equity, and financial services.

Financial Services, Legal Services,United Kingdom

https://www.paulhastings.com/en-GB/news/paul-hastings-advises-the-sellers-of-the-co-operative-bank-on-gbp780-million