19-06-2018 14:11
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The British CYBG has bought its opponent Virgin Money, the transaction amount was 1.7 billion pounds (2.3 billion dollars).
As a result of the deal, the UK's sixth largest bank was set up.
CYBG will pay Virgin Money for 1.2 New Shares, as a result of which Virgin Money shareholders will receive 38% of the joint bank and those of CYBG Bank- 62% .
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