Fri, 14 May 2010 | MERGER
The Financial Services Authority has approved a merger bid for the Chesham and Skipton Building Societies.
Over 80% of Chesham's customers voted in favour of the move to combine with the Skipton Building Society, in a yearly meeting which took place in April.
Chesham is the longest surviving building society in Britain, and was founded in 1845. It is expected to marry up with the Yorkshire-based Skipton on 1 June.
Chesham's members will be able to use Skipton's 92 branches spread across the UK from 1 June onwards.
Skipton's plans involve retaining the Chesham branches for one year before reviewing the business.
Chesham chief executive Paul Kilbride is pleased that the society's customers are happy for the deal to go ahead, as is Skipton chief executive David Cutter.
Skipton is also set to launch a new product - the 95% LTV mortgage for first time buyers, along with a range of 90% LTV products for introducers with the Skipton divisions Connells and Pink Home Loans.
This well-established scrap vehicle yard in Essex offers a unique opportunity to acquire a business with a significant stock of decommissioned parts and panels, alongside essential equipment such as forklifts and heavy demolition plant.
Opportunity to acquire a well-established engineering product and equipment distributor located in the heart of the West Midlands.
Presenting an exceptional opportunity to acquire a well-established specialist joinery business located in Southport, Merseyside.
|
01
|
|
Jul
|
PE-backed accountancy swoops for 65-strong East Midlands firm | BUSINESS SALE
Private equity-backed accountancy Duncan & Toplis has acquir...
|
01
|
|
Jul
|
Manchester-based aerospace firm rescued with pre-pack deal | BUSINESS SALE
B&H.PT Limited, a Manchester-based aerospace manufacturer, h...
|
01
|
|
Jul
|
Seafood and pork supplier acquires food manufacturing business | BUSINESS SALE
Sofina Foods Europe, a North Yorkshire-headquartered supplie...
|
01
|
|
Jul
|
Fox Group acquires haulage firm in first Stellex-backed deal | BUSINESS SALE
Construction materials provider Fox Brothers Holdings has ac...
|
01
|
|
Jul
|
UK administrations update: June 25 - July 1 | ADMINISTRATION
Since our last update, the following businesses have been co...
|
01
|
|
Jul
|
Seafood and pork supplier acquires food manufacturing business | BUSINESS SALE
Sofina Foods Europe, a North Yorkshire-headquartered supplie...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.