NatWest swoops on Sainbury’s banking business

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 12 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 98%

Natwest Nouvelles

Sainsbury,Ulster-Bank

Deal set to grow Ulster Bank parent’s assets by €2.95bn

NatWest's deal for Sainsbury's unit is the latest banking business disposal by a major British retailer, after rival supermarket chain Tesco offloaded most of its banking activities to Barclays in a £600 million deal earlier this year. Photograph: PA MediaNatWest has struck a deal to acquire most of the banking business of UK retailer Sainsbury’s, the companies said on Thursday, in a deal set to grow the British lender’s assets by £2.

The deal is the latest banking business disposal by a major British retailer, after rival supermarket chain Tesco offloaded most of its banking activities to Barclays in a £600 million deal earlier this year.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in BE

Belgique Dernières Nouvelles, Belgique Actualités