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NBNK Nbnk Invest

35.00
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nbnk Invest LSE:NBNK London Ordinary Share GB00B58GVN47 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 35.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

NBNK Gives Itself More Time To make Acquisitions

07/01/2016 7:59am

Dow Jones News


Nbnk Invest (LSE:NBNK)
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LONDON-- Acquisition vehicle NBNK Investments PLC (NBNK.LN) has given itself longer to make acquisitions after failing to make any over the past two years.

The company, which previously said it will return money to shareholders if it doesn't make an acquisition by January 11, said it is in discussions with target companies and will now wait until April 11 to decide whether it should return shareholders' cash.

NBNK floated on the stock exchange in 2010 tried and establish a customer-focused bank, but discussions to acquire assets from Lloyds Banking Group PLC (LLOY.LN) failed and it has since been looking for other acquisitions.

 

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

 

(END) Dow Jones Newswires

January 07, 2016 02:44 ET (07:44 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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