Firms land key roles as US-based card issuer buys majority stake in UK's VocaLink for £700m
July 25, 2016 at 08:43 AM
1 minute read
Davis Polk & Wardwell and Slaughter and May have won the lead roles on MasterCard’s acquisition of UK payments company VocaLink.
The US-based cards issuer struck a £700m deal last week to buy a 92% stake in VocaLink, which is owned by a group of 18 banks and building societies. These include Lloyds Banking Group, Barclays, HSBC, Royal Bank of Scotland and Santander.
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