UK's Metro Bank rejected takeover approaches from Shawbrook, in talks for debt restructuring, equity injection - media
© Reuters. FILE PHOTO: People walk past a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo
It is unclear whether any live discussions were ongoing between the two companies, while the valuation of Shawbrook's offers could not be established, the report said. Sky News said that the meeting with the bondholders was aiming to thrash out a refinancing package totalling more than 500 million pounds , and Bloomberg later said that Metro's 250 million pounds tier 2 notes would be converted into equity and the maturity of 350 million pounds of senior bonds due 2025 would be extended.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Metro Bank rejected takeover approaches from Shawbrook -Sky News reporterBritish lender Metro Bank (MTRO.L) rejected a series of takeover approaches from business lender Shawbrook, including one made in the second half of last month, a Sky News reporter wrote in a post on
Read more »
Metro Bank rejected takeover approaches from Shawbrook -Sky News reporterMetro Bank rejected takeover approaches from Shawbrook -Sky News reporter
Read more »
UK's embattled Metro Bank expected to struggle to raise capital with \u2018no easy solutions'Metro Bank will likely struggle to raise fresh capital, according to analysts, who outlined bleak prospects for the beleaguered bank.
Read more »
UK's embattled Metro Bank expected to struggle to raise capital with 'no easy solutions'Metro Bank will likely struggle to raise fresh capital, according to analysts, who outlined bleak prospects for the beleaguered bank.
Read more »
Shares in troubled British lender Metro Bank bounce back by a third as asset sale speculation swirlsShares in the troubled British lender Metro Bank have bounced back by a third on reports that it has been sounding out bigger rivals to buy a chunk of its assets. Sky News reported Friday that advisers to the bank have contacted Lloyds Banking Group and NatWest Group among others. That helped the company’s share price rally by 30% to 48.5 pence on the London Stock Exchange. The bank has now recouped the losses sustained Thursday, when it acknowledged the need to raise new capital. Analysts have said that Metro Bank will need to raise around 600 million pounds ($730 million).
Read more »
Shares in troubled British lender Metro Bank bounce back by a third as asset sale speculation swirlsShares in the troubled British lender Metro Bank have bounced back by a third on reports that it has been sounding out bigger rivals to buy a chunk of its assets.
Read more »