View more on these topics

Atom Bank potentially facing takeover

Sky News reports that Atom Bank is preparing to appoint Citi as an adviser in the face of a potential takeover.

In early March 2018, Spanish bank BBVA invested £85.4m into Atom, adding to its existing £81.6m investment, which increased its ownership to approximately 39 per cent.

According to Sky, BBVA now has the option to buy the remaining shares, although its sources apparently deny that Citi’s impending appointment is a “sale mandate,” adding that a takeover, further fundraising or becoming listed on the stock market is, however, “likely” in 2019.

A spokesperson from Atom Bank comments: “We are currently in the process of appointing Citi as advisors to help review our long-term plans and to assist with our capital planning strategy.

“It is important to be clear to our customers, investors and regulators that Atom is not up for sale. We continue to run Atom for the benefit of all our shareholders, customers and other stakeholders.”



Precise Mortgages launches new 3-year fix through Buy to Let Club

Precise Mortgages has launched an exclusive limited company buy-to-let three-year fixed rate mortgage through Buy to Let Club. The product is fixed at 3.54 per cent until 31 October 2019 up to 75 per cent LTV. It has an arrangement fee of 1.5 per cent. Early repayment charges are 3 per cent until 31 October […]

Globally focused mortgage broker launches

Former Coreco director Rob Gill has co-launched Altura Mortgage Finance, an international mortgage brokerage that he hopes will become the leading UK mortgage provider for UK expats and foreign nationals. When asked what the inspiration behind forming Altura was, Gill says that his experience within the mortgage industry and without led to his building his […]

Passport - thumbnail

Thinking of expanding overseas?

Whether you’re a small company or an established larger employer, expanding overseas into emerging markets can be an extremely attractive prospect for growing your business. However, with this comes a duty-of-care requirement to any staff based overseas.


News and expert analysis straight to your inbox

Sign up