trending Market Intelligence /marketintelligence/en/news-insights/trending/xC2hIFEMbiWeCcLSTqZmOg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Report: Atom Bank in talks to appoint adviser ahead of potential takeover

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Report: Atom Bank in talks to appoint adviser ahead of potential takeover

British challenger bank Atom Bank PLC is looking to hire Citigroup Inc. to advise its board on its business options, Sky News reported Jan. 14.

Banco Bilbao Vizcaya Argentaria SA, which is the majority shareholder in the digital lender, has an option to acquire the remaining shares in the bank, according to the report.

The Spanish lender raised its stake in Atom to around 39% following a £149 million funding round in March 2018.

Should BBVA choose not to exercise its option to acquire Atom in the coming months, the U.K.-based bank will likely carry out a further funding round or a stock market listing by the autumn, sources told Sky News.