Private Equity Buyout of Metro Bank Would be Cleanest Outcome
Dow Jones11-12 19:28
1128 GMT - A private equity buyout of Metro Bank would be the cleanest outcome, Shore Capital analyst Gary Greenwood writes. The FTSE 250 bank put itself up for sale as it looks at options to accelerate growth. Metro said it wasn't in talks with any potential buyer, nor had received any approach. "A specialist-bank combination could offer strategic logic but would likely require paper consideration, while a larger bank may be reluctant to pay up for Metro Bank's expensive branch network," Greenwood says. Shares are up 7.4% at 191.80 pence and 59% higher over the year to date.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments