Metro Bank rescue deal can go ahead after shareholders back it

10 months ago 35

Jaime Gilinski Bacal to increase stake to 53% as lender secures £325m in new capital and £600m of debt

The embattled high street lender Metro Bank can proceed with a multimillion-pound rescue deal after receiving approval from its shareholders.

The move comes after the bank announced last month that it had negotiated a £925m package, which consisted of £325m of new capital as well as £600m of debt.

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