18 February 2020
- Lucio Bonavitacola, Alberto Claretta Assandri, Paolo Sersale, Umberto Penco Salvi, Filippo Isacco, Elisa Ielpo, Andrea Tuninetti Ferrari
Clifford Chance assisted Santander Consumer Bank S.p.A. in the joint venture agreement with TIM S.p.A.
Clifford Chance provided assistance to Santander Consumer Bank S.p.A. in the context of a joint venture agreement with TIM S.p.A. The agreement is aimed at launching a consumer credit platform dedicated to TIM's customers. The new partnership will be based in Turin (Italy) and will be 51% controlled by Santander Consumer Bank S.p.A. and 49% by TIM S.p.A.
Clifford Chance assisted Santander Consumer Bank S.p.A. with a multi-practice team led by Partner Lucio Bonavitacola with Senior Associate Alberto Claretta Assandri for regulatory profiles (both Banking & Finance, Milan), together with Partners Paolo Sersale and Umberto Penco Salvi, with Counsel Filippo Isacco and Associate Elisa Ielpo (all Corporate, Milan) for Corporate M&A aspects and Senior Associate Andrea Tuninetti Ferrari on Data Privacy profiles.