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Nov 11

Advised Virgin Group on the acquisition of Northern Rock plc by Virgin Money

Quayle Munro announces that it has advised Virgin Group on the acquisition of Northern Rock Plc by Virgin Money, subject to regulatory and EU merger approval. The transaction is an outstanding fit between the two businesses and will create a major new competitor in UK retail banking. The combined business will have over 4 million customers and will be the basis for a new, profitable and stable banking business in the UK.

Quayle Munro is a long standing adviser to the Virgin Group and is pleased to have been involved in such a landmark transaction.

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