{"id":8500,"date":"2023-09-21T01:20:12","date_gmt":"2023-09-21T01:20:12","guid":{"rendered":"https:\/\/latestnews.top\/lender-aldermore-enters-race-for-co-op-bank\/"},"modified":"2023-09-21T01:20:12","modified_gmt":"2023-09-21T01:20:12","slug":"lender-aldermore-enters-race-for-co-op-bank","status":"publish","type":"post","link":"https:\/\/latestnews.top\/lender-aldermore-enters-race-for-co-op-bank\/","title":{"rendered":"Lender Aldermore enters race for Co-op Bank"},"content":{"rendered":"


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Lender Aldermore enters race for Co-op Bank<\/h2>\n

By Daily Mail City & Finance<\/a> <\/p>\n

Updated:<\/span>

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Target: Aldermore is in talks with investment bankers on the size and structure of the Co-operative Bank<\/p>\n<\/div>\n

Aldermore is the latest suitor to join the battle for The Co-operative Bank.<\/p>\n

The mid-sized consumer and business lender, which is owned by South Africa\u2019s FirstRand Group, is in talks with investment bankers on the size and structure of a potential takeover deal, according to Sky News.<\/p>\n

Rival Shawbrook Group is understood to have approached The Co-Op Bank a month ago about a merger that valued it at around \u00a3800m.<\/p>\n

Last week The Co-op Bank\u2019s owners set an early October deadline for non-binding bids \u2013 kicking off a long-awaited sale process for the High Street bank. Sources suggested Aldermore plans to table a bid ahead of this deadline.<\/p>\n

The Co-Op Bank more than quadrupled its profit in 2022 to \u00a3132.6m<\/p>\n<\/div>\n

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Lender Aldermore enters race for Co-op Bank By Daily Mail City & Finance Updated: 20:43 EDT, 20 September 2023 Target: Aldermore is in talks with investment bankers on the size and structure of the Co-operative Bank Aldermore is the latest suitor to join the battle for The Co-operative Bank. The mid-sized consumer and business lender, […]<\/p>\n","protected":false},"author":1,"featured_media":8501,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[12322,753,12323,23,4704,1317,421,427,1064],"acf":{"source_article":"","image_credit":""},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/posts\/8500"}],"collection":[{"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/comments?post=8500"}],"version-history":[{"count":0,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/posts\/8500\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/media\/8501"}],"wp:attachment":[{"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/media?parent=8500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/categories?post=8500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/tags?post=8500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}