Factbox-Predator becomes prey: Branson's Virgin Money brand set to disappear

Published on 7 Mar 2024 on Reuters via Yahoo Finance

Factbox-Predator becomes prey: Branson's Virgin Money brand set to disappear

LONDON (Reuters) - Virgin Money, the British challenger bank founded by entrepreneur Richard Branson, could be swallowed up by mutually-owned lender Nationwide, in a surprise 2.9 billion pound potential deal, the companies said on Thursday.

The proposed takeover, still subject to conditions, serves as a milestone for the UK banking industry, and would consign one of its best-known and fastest-growing brands to history after Nationwide said it planned to phase out the Virgin brand.

The following are key steps on Virgin Money's three-decade long journey.

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LSE.VMUK price evolution

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