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  • Evening Standard

    Nationwide set to take over Virgin Money in £2.9bn deal

    by Holly Williams Mar 21, 2024 2 minutes
    Source: PA Archive

    Nationwide Building Society is set to take over smaller rival Virgin Money after the pair agreed a deal worth around £2.9 billion.

    Nationwide has made a 220p-a-share firm offer for Virgin Money, including a planned 2p-per-share dividend payout, which will now be voted on by Virgin Money shareholders.

    Confirmation of the deal

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