In response to on-going press speculations, private equity firm
NBNK has confirmed it is in acquisition talks and suspended trading
in the company’s shares until an admission document is published by
the firm, or the talks are concluded.
There can be “no certainty that a transaction will be
forthcoming and further announcements will be made in due course”
the company said.
Go deeper with GlobalData
The private equity firm run by Peter Levene has reportedly been
in talks to acquire the UK brands, Clydesdale and Yorkshire Banks
of National Australia Bank.
NBNK was formed for the purpose of making acquisitions in order
to establish a major UK retail bank.
It is also eyeing up the 632 branches to be sold by Lloyds
Banking Group.
Alongside NBNK, Sun Capital Partners and The
Co-Operative Bank are in the running for the Lloyds branches.
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