Acquisition

RNS Number : 0932Z

Sainsbury(J) PLC

03 February 2014

 



3 February 2014

J Sainsbury plc ("Sainsbury's" or the "Company")

Sainsbury's takes full ownership of Sainsbury's Bank plc

Following the announcement on 8 May 2013 that Sainsbury's would acquire the remaining 50 per cent shareholding in Sainsbury's Bank plc from Lloyds Banking Group, Sainsbury's confirms that the transaction completed on 31 January 2014.  Sainsbury's Bank plc is now a wholly owned subsidiary of the Company and will be fully consolidated within its accounts from 31 January 2014.

Enquiries

Investor Relations                                                    Media

Adam Wilson Katsibas / Kellie Herman               Trevor Datson / Alex Cole

[phone]                                               [phone]

 

END

 

 

ACQKMGGZVFFGDZG