Metro Bank shares surge on talk of private equity takeover

Potential uncertainty for customers and staff as Shawbrook owner Poll Street Capital sounds out bank’s bosses

Metro Bank shares have surged to a two year-high after news of a takeover approach by a London private equity firm that could create uncertainty for customers and staff.

It emerged over the weekend that Pollen Street Capital has sounded out Metro bosses over a potential deal, which could take the listed lender off the London Stock Exchange and back into private hands.

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​Potential uncertainty for customers and staff as Shawbrook owner Poll Street Capital sounds out bank’s bossesBusiness live – latest updatesMetro Bank shares have surged to a two year-high after news of a takeover approach by a London private equity firm that could create uncertainty for customers and staff.It emerged over the weekend that Pollen Street Capital has sounded out Metro bosses over a potential deal, which could take the listed lender off the London Stock Exchange and back into private hands. Continue reading… Metro Bank, Banking, Business, UK news, Financial sector, Private equity Business | The Guardian

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