Coventry Building Society gets approval to buy Co-op Bank for £780M, creating a £89B asset giant. Coventry Building Society obtiene la aprobación para comprar Co-op Bank por £780M, creando un gigante de activos de £89B.

Coventry Building Society has received regulatory approval to acquire Co-op Bank for £780 million, creating a banking giant with around £89 billion in assets and millions of customers. Coventry Building Society ha recibido la aprobación regulatoria para adquirir Co-op Bank por £780 millones, creando un gigante bancario con alrededor de £89 mil millones en activos y millones de clientes. The deal, set to complete in January 2025, will return Co-op Bank to a mutual structure, owned by individual members rather than shareholders. El acuerdo, que concluirá en enero de 2025, devolverá a Co-op Bank a una estructura mutua, propiedad de miembros individuales en lugar de accionistas. Both brands will remain on the high street during the transition, with the goal of eventually making Co-op Bank customers Coventry society members. Ambas marcas permanecerán en la calle durante la transición, con el objetivo de convertir a los clientes del Co-op Bank en miembros de la sociedad Coventry.