M&A

JPMorgan, Goldman and UBS advise on Nationwide’s £2.9bn Virgin Money deal

Virgin Money’s share price jumped more than 30% following the disclosure of the deal

Nationwide agreed to buy Virgin Money for £2.9bn
Nationwide agreed to buy Virgin Money for £2.9bn Photo: Ian Forsyth/Bloomberg via Getty Images

JPMorgan, Goldman Sachs and UBS are advising on Nationwide Building Society’s proposed £2.9bn takeover of Virgin Money.

Nationwide is offering 220p per Virgin Money share, a premium of 38% on Virgin Money’s 6 March closing share price of 159p, plus a dividend of 2p per Virgin Money Share, the pair told the stock market in a joint 7 March statement.

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