View more on these topics

Yorkshire BS and Norwich & Peterborough in merger talks

Yorkshire Building Society is in talks to acquire Norwich & Peterborough Building Society.

Virgin Money and US private equity firm JC Flowers have also been linked with the building society. JC Flowers had an approach to acquire a stake in N&P rejected in December.

An N&P spokeswoman confirms the two parties are in talks. She says: “The board has evaluated the proposals in conjunction with its advisers and confirms that it has entered into discussions with Yorkshire Building Society, which are subject to due diligence and satisfying certain conditions.”

However, she says there is no certainty the deal will go ahead.

Any deal would need the approval of both N&P’s members and the FSA.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com