Coventry Building Society's £780m Offer for Co-operative Bank: A Potential Merger in the Making
Thursday, 18 April 2024, 16:17
Coventry Building Society Makes £780m Bid for Co-operative Bank
Tentative offer follows four months of talks and could create a new banking group with almost 5m customers.
Key Points:
- £780m Offer: Coventry Building Society's bid for Co-operative Bank.
- Merger Potential: A new high street challenger with nearly 5 million customers on the horizon.
- Exclusive Talks: Discussions ongoing since December.
If a deal is completed, it would create a new high street challenger with almost 5 million customers and an £89bn balance sheet.
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