News

Metro Bank confirms Carlyle takeover interest sending shares soaring

Shares in Metro Bank up by a third on Carlyle interest

Thursday 4 November 2021 at 13:17

Metro Bank’s share price jumped 33% to 137p at 11.55 am on 4 November
Metro Bank’s share price jumped 33% to 137p at 11.55 am on 4 November Photo: Getty Images

Metro Bank confirmed that private equity firm Carlyle had approached it over a potential takeover, sending its shares soaring more than 30%.

“Metro Bank confirms that it has received an approach from funds affiliated with The Carlyle Group regarding a possible offer to acquire the entire issued share capital of Metro Bank,” the lender said in a 4 November statement to the London Stock Exchange