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