We advised NatWest Group on the transaction

Davis Polk advised NatWest Group plc in connection with its cash tender offers for any and all of certain series of its outstanding bank capital securities. 

NatWest Group is the holding company of a large banking and financial services group. Headquartered in Edinburgh, NatWest Group operates in the United Kingdom and internationally through a network of branches, local banks and non-bank subsidiaries. The banks in the Group authorized in the United Kingdom include NatWest Markets Plc, National Westminster Bank Plc, Coutts & Co and Ulster Bank Limited. NatWest Group has a diversified customer base and provides a wide range of products and services to personal, commercial and large corporate and institutional customers.

The Davis Polk corporate team included partner Reuven B. Young and counsel Radoslaw Michalak. Counsel Alon Gurfinkel and associate Omer Harel provided U.S. tax advice. Partner Jonathan Cooklin and associate Freddie Schwier provided U.K. tax advice. All members of the Davis Polk team are based in the London office.