PLMJ Assists Barclays In The Sale Of Its Business In Portugal

Author:PLMJ Team

The law firm assembled a multidisciplinary team of 53 lawyers for this operation which took around one year to complete

The law firm PLMJ assisted Barclays in the sale of its business in Portugal to the Spanish bank Bankinter and this complex operation took around one year to be completed. The whole of Barclays' retail and wealth business and part of its corporate banking business were transferred to Bankinter, which begins operations in Portugal as from today.

Hugo Rosa Ferreira, the partner who heads PLMJ Banking and Finance, explains that this "was a particularly complex operation, because we had to structure the transfer as a sale of assets and liabilities, not simply as a sale and purchase of shares. This is because Barclays operates in Portugal through a branch. 53 lawyers from eight different practice areas each...

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