Reuters logo
BRIEF-Metro Bank buys UK mortgages portfolio for 596.7 mln stg
June 2, 2017 / 6:07 AM / 4 months ago

BRIEF-Metro Bank buys UK mortgages portfolio for 596.7 mln stg

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:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below