Nationwide has finalised its £2.9bn acquisition of Virgin Money, uniting two of the largest banking groups in the UK. Virgin Money’s shares have been removed from trading on the London
Nationwide acquires Virgin Money in a transaction valued at £2.9 billion.
Nationwide Building Society has reached an agreement to acquire high street bank Virgin Money in a transaction valued at approximately £2.9 billion, as announced by both entities.
Virgin Money is closing bank branches despite reporting substantial profits.
Virgin Money UK has notified its employees that one-third of its branches are set to close by the end of this year.