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Britain's Co-Op Bank said on Thursday talks for its takeover by Coventry Building Society were well advanced and its multi-year revamp was now materially complete, after reporting first quarter...
The bank said discussions over its agreed merger with Coventry Building Society are ‘well advanced’ after completing significant due diligence.
The Co-operative Bank says its £780m takeover talks with Coventry Building Society are at a “well advanced” stage. “Discussions regarding the potential acquisition of the bank are well advanced following completion of substantive due diligence,” says the Co-op Bank in a short first-quarter trading statement.
The bank said discussions over its agreed merger with Coventry Building Society are ‘well advanced’ after completing significant due diligence.
The Co-operative Bank has said its multi-year transformation plan is "materially complete" as the lender progresses with an agreed £780m merger with Coventry Building Society that would return it to mutual ownership.