Virgin Money’s Acquisition by Nationwide Advances
Company Announcements

Virgin Money’s Acquisition by Nationwide Advances

Virgin Money UK PLC Shs Chess Depository (AU:VUK) has released an update.

Virgin Money UK PLC has announced the unconditional clearance by the UK Competition and Markets Authority (CMA) for its acquisition by Nationwide Building Society, following a Phase 1 investigation. This marks a significant milestone in the proposed cash acquisition, which was approved by Virgin Money shareholders and is expected to be finalized during the fourth quarter of 2024, pending further regulatory approvals and court sanction. Shareholders and interested parties can remain updated on the acquisition’s progress through announcements on the company’s website.

For further insights into AU:VUK stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App