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Norwich & P'boro BS (75VM)

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Friday 18 March, 2011

Norwich & P'boro BS

N&P Update

RNS Number : 2687D
Norwich & Peterborough Building Soc
18 March 2011
 



 

 

Following recent press comment, the Board of Norwich and Peterborough Building Society confirms that it recently considered a range of merger proposals from a number of parties.  The Board has evaluated the proposals in conjunction with its advisers and confirms that it has entered into discussions with Yorkshire Building Society, which are subject to due diligence and satisfying certain conditions.

 

There can be no certainty that these discussions will result in a merger proposal or transaction.  If the merger is to proceed it would require the formal approval of Norwich and Peterborough's savings and borrowing members.  The merger would also be subject to confirmation by the Financial Services Authority.

 

The Board will make a further announcement in due course.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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