Metro Bank approached for potential takeover valued at £750m

From Yahoo Finance: 2025-06-16 08:29:00

Retail and commercial bank, Metro Bank, is informally approached by Pollen Street Capital for a potential takeover, valued at about £750m. Talks are in early stages, post facing challenges and a £350m share issue in 2019 due to misclassified loans, declining share value, and regulatory scrutiny.

Despite challenges, Metro Bank stabilised in 2023 with a £925m rescue deal, led by Colombian billionaire Jaime Gilinski Bacal’s investment firm, Spaldy Investments. Gilinski now holds a near-53% stake in Metro Bank after providing a third of the equity in the rescue deal.

In February, Metro Bank divested its £584m unsecured personal loan portfolio. This news was originally reported by Retail Banker International.

Read more: Metro Bank receives takeover approach from Pollen Street