Nationwide reports £2.3 billion gain on Virgin Money deal

Nationwide issues update over 'big changes' coming after Virgin Money takeover

The landmark deal saw Nationwide acquire Virgin Money for £2.8billion in October.

Nationwide’s Virgin Money takeover profit

Nationwide predicted a larger than-expected profit of £2.3 billion (€2.75 billion) from the Virgin Money takeover formalised in October. The UK’s biggest building society had initially forecast gains of £1.5 billion (€1.8 billion), with the increase reflecting the difference between Virgin Money’s value and the £2.9 billion (€3.5 billion) it paid, Nationwide said. Despite the Virgin Money… Source

Nationwide Building Society: major UK bank says £2.3bn gain from takeover deal will benefit account customers

The windfall will be to the ‘benefit of customers’ according to the chief executive 💼

Major building society says £2.3bn gain from takeover deal will 'benefit' customers

The windfall will be to the ‘benefit of customers’ according to the chief executive 💼

Nationwide plans to create 500 jobs following Virgin Money takeover

Bosses say some of the roles - including in IT, customer service and business growth - will be in the North East

Nationwide reports £2.3 billion gain on Virgin Money deal

The UK's Nationwide Building Society said it would realise a bigger-than-forecast gain of £2.3 billion from its acquisition of rival Virgin Money, as it also reported a sharp drop in profits for the first half of the year.