The deal, a relative rarity in a quiet UK M&A market, could create 'the second largest provider of mortgages and savings in the UK'.
March 07, 2024 at 05:08 AM
2 minute read
Reporter
Slaughter and May and Clifford Chance have won the lead roles on Nationwide’s £2.9 billion cash offer of banking group Virgin Money.
Nationwide and Virgin Money issued a joint statement on Thursday confirming Nationwide’s offer of 220 pence a share, including a proposed dividend of 2 pence per share, in total valuing Virgin Money at approximately £2.9 billion.
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