business richard-branson 
The Guardian M&A
MARCH 21, 2024
The Virgin deal is more than an add-on (even before one adds to the headline price the £250m that Sir Richard Branson will get as an exit fee for the brand licence). It is not an everyday piece of business. Indeed, you’d hope the Nationwide’s board would see the sense of checking that the owners are up for the adventure.
The Guardian M&A
MARCH 17, 2024
Experts question if ‘bigger is better’ and whether members should be consulted on the £2.9bn deal The Nationwide building society is facing growing calls to give its 16 million members a say on its proposed £2.9bn takeover of high street rival Virgin Money in what would be the biggest UK banking deal since the financial crisis.
The Guardian M&A
MARCH 21, 2024
Richard Branson has already indicated he will back takeover that will require the agreement of the group’s shareholders Nationwide Building Society is lined up to take over its smaller rival Virgin Money after the pair formally agreed a deal worth £2.9bn.
Expert insights. Personalized for you.
91 
Let's personalize your content