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Virgin Money confirms takeover interest from rival CYBG

Proposed deal aims to create the UK's leading challenger bank

Virgin Money confirms takeover interest from rival CYBG

Virgin Money, the UK challenger bank run by Women in Finance champion Jayne-Anne Gadhia, has confirmed a takeover approach by rival CYBG.

In a statement on Tuesday, Virgin Money said that it had "received a preliminary and conditional proposal from CYBG to acquire the entire issued and to be issued share capital of Virgin Money".

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