Nationwide Building Society has agreed to acquire Virgin Money UK in a £2.9 billion cash deal, reshaping Britain's banking sector. The acquisition will result in a $856 million payout to Richard Branson. Nationwide pledges to retain all branches post-acquisition.
🇬🇧 Nationwide vows to keep all branches as it strikes Virgin Money deal https://t.co/X4vvqmLGA3
Richard Branson set for $856 million payout from Nationwide’s Virgin Money takeover https://t.co/IaoMViXCLL
Nationwide agrees £2.9bn deal to take over Virgin Money https://t.co/7pkHSFBX7A
Nationwide's £2.9bn takeover of Virgin Money takes step forward https://t.co/U3nd8Zipmn https://t.co/3KkltFEi4J
Nationwide Building Society confirms acquisition of Virgin Money in £2.9billion deal https://t.co/befYusjDSb
Nationwide Building Society agrees to purchase Virgin Money UK for £2.9 billion in a cash deal that is set to reshape Britain’s banking landscape https://t.co/veyGX9S8Ru