Metro Bank up for sale, with billionaire investor in line for £420m windfall
Summary
Shares up 7% after announcement as Jaime Gilinski Bacal seeks exit three years after helping to rescue bank Metro Bank is putting itself up for sale three years after its near-collapse, in a move that could hand a £420m windfall to its Colombian billionaire investor, Jaime Gilinski Bacal. Metro Bank has begun a formal sale process, putting Jaime Gilinski Bacal's stake, valued at about £689 million, in focus. Covered by 3 outlets: 1 lean left, 2 are centre.
Automated summary picked from the outlets' own descriptions.
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Metro Bank Sale Could Deliver Colombian Billionaire Jaime Gilinski Bacal a £427M Rescue Windfall
Metro Bank has begun a formal sale process, putting Jaime Gilinski Bacal's stake, valued at about £689 million, in focus. The bank says it has received no offers
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Metro Bank up for sale, with billionaire investor in line for £420m windfall
Shares up 7% after announcement as Jaime Gilinski Bacal seeks exit three years after helping to rescue bank Metro Bank is putting itself up for sale three years after its near-collapse, in a move that could hand a £420m windfall to its Colombian billionaire investor, Jaime...
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UK's Metro Bank up for sale as part of strategic review - Reuters
UK's Metro Bank up for sale as part of strategic review Reuters
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