June 2 (Reuters) - Metro Bank Plc
* Mortgage portfolio acquisition
* Metro Bank Plc says it has completed purchase of a portfolio of UK mortgages ( "portfolio") from Cerberus European Residential Holdings B.V. for 596.7 mln stg
* Portfolio is being acquired at a discount to par.
* Consideration of 596.7 mln stg represents value at which acquired mortgages will be taken on to bank's balance sheet and is being financed using cash from existing resources Source text for Eikon: Further company coverage: