Virgin Money Shareholders Support £2.9bn Nationwide Takeover
Wednesday, 22 May 2024, 17:30
Virgin Money Shareholders Approve Nationwide Takeover
The deal won approval of 89% of voting shareholders, lining up Richard Branson for a £724m windfall from sale.
Key Points:
- 89% of voting shareholders support the £2.9bn Nationwide takeover.
- Nationwide Building Society emerges as the acquiring party in the major UK banking deal.
- Resolution required at least 75% backing to pass, highlighting strong investor support.
With a significant majority backing the deal, Virgin Money shareholders pave the way for a new chapter in the UK banking landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.