Virgin Money Shareholders Vote in Favor of £2.9bn Takeover by Nationwide Building Society
Wednesday, 22 May 2024, 17:30
Virgin Money Shareholders Vote in Favor of £2.9bn Takeover by Nationwide Building Society
In a significant development, Virgin Money shareholders voted overwhelmingly in favor of a £2.9bn takeover bid by Nationwide Building Society. The approval of 89% of voting shareholders signals a major step forward for the largest UK banking deal post the financial crisis. The deal positions Richard Branson for a substantial £724m windfall from the sale, showcasing a significant shift in the UK financial sector landscape.
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