Nationwide Completes Acquisition of Virgin Money

Nationwide Building Society (GB:NBS) has released an update.

Nationwide Building Society has successfully completed the recommended cash acquisition of Virgin Money UK PLC, with the transaction now officially effective as of October 1, 2024. Virgin Money shareholders will receive their consideration in Australian or New Zealand Dollars, converted from British Pounds at rates detailed in the acquisition documentation. The total amounts paid by Nationwide in these currencies are A$1,780,812,353.09 and N$2,910,109.62 respectively.

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