Following the recent sale of Everyday Loans Group, Arbuthnot Banking Group (ARBB) has provided further strategic flexibility to Secure Trust Bank through the proposed sell down of its majority stake to 18.9%. The move also opens a new chapter for ARBB simplifying its corporate structure and generating substantial capital for redeployment, including the development of its commercial banking business. For the moment, the market appears particularly conservative in its valuation of the group and
03 Jun 2016
Sale of Secure Trust shares heralds new phase
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Sale of Secure Trust shares heralds new phase
Arbuthnot Banking Group PLC (ARBB:LON) | 1,065 0 0.0% | Mkt Cap: 174.0m
- Published:
03 Jun 2016 -
Author:
Andrew Mitchell -
Pages:
6
Following the recent sale of Everyday Loans Group, Arbuthnot Banking Group (ARBB) has provided further strategic flexibility to Secure Trust Bank through the proposed sell down of its majority stake to 18.9%. The move also opens a new chapter for ARBB simplifying its corporate structure and generating substantial capital for redeployment, including the development of its commercial banking business. For the moment, the market appears particularly conservative in its valuation of the group and