Virgin Money UK PLC Shs Chess Depository (AU:VUK) has released an update.
Nationwide Building Society is set to acquire Virgin Money UK PLC through a cash transaction, which will be executed via a Scheme of Arrangement as detailed in the recently published Scheme Document. Shareholders of Virgin Money are being informed about the acquisition terms, meetings, and procedural steps necessary for the deal to proceed. This strategic move comes as Virgin Money reports steady performance in its key financial metrics during the first half of the fiscal year 2024.
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