Competition
and Markets Authority investigating
The Competition
and Markets Authority (CMA) is investigating the anticipated acquisition by
Swindon-based Nationwide Building Society of Virgin Money UK.
In March
Nationwide confirmed its offer to buy Virgin Money for £2.9bn , which the building society says
would create a combined group with assets of approximately £366bn.
It believes that
the acquisition will create a financially stronger building society with
returns that will deliver greater value to its members.
https://www.gov.uk/cma-cases/nationwide-building-society-slash-virgin-money-merger-inquiry