7 months ago
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Lenders reach preliminary agreement on key terms in deal to create new competitor with £366bn in assets
Nationwide Building Society has agreed to buy Virgin Money in a deal that values its high street rival at nearly £3bn and would create the second-largest provider of mortgages and savings in the UK.
The two lenders have reached a preliminary agreement on the key terms of a deal, which would create a new competitor with £366bn in total assets, according to a joint statement released on Thursday morning.
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