UK clears Nationwide Building’s $3.75 bln Virgin Money deal
Britain’s competition regulator said on Friday it has cleared Nationwide Building Society’s (NBS.L), opens new tab proposed 2.9-billion-pound ($3.75 billion) all-cash deal to buy Virgin Money UK (VMUK.L), opens new tab.
The deal, which was announced in March and is expected to close in the fourth quarter, could create the country’s second-largest savings and mortgage provider, after Lloyds Banking Group (LLOY.L), opens new tab, the owner of Halifax.
Source: REUTER