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Citi downgrades Virgin Money to 'neutral' after Nationwide offer

By Michele Maatouk

Date: Monday 11 Mar 2024

(Sharecast News) - Citi downgraded its stance on Virgin Money on Monday to 'neutral'/high risk from 'buy'/high risk after the shares surged on news that Nationwide Building Society had offered to buy the group in a £2.9bn deal.
Under the terms of the offer, announced on Friday, Virgin shareholders would receive...

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