Nationwide Building Society / Virgin Money merger inquiry

The CMA has investigated and cleared the anticipated acquisition by Nationwide Building Society of Virgin Money UK PLC.

From:
Competition and Markets Authority
Published
31 May 2024
Last updated
29 August 2024 — See all updates
Case type:
Mergers
Case state:
Closed
Market sector:
Financial services
Outcome:
Mergers - phase 1 clearance
Opened:
31 May 2024
Closed:
29 August 2024

Statutory timetable

Date Action
29 August 2024 Decision published
19 July 2024 Decision announced
31 May to 14 June 2024 Invitation to comment
31 May 2024 Launch of merger inquiry

Phase 1

Clearance decision

19 July 2024: The CMA has cleared the anticipated acquisition by Nationwide Building Society of Virgin Money UK PLC.

Launch of merger inquiry

31 May 2024: The CMA announced the launch of its merger inquiry by notice to the parties.

Invitation to comment: closed

31 May 2024: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

To assist it with this assessment, the CMA invites comments on the transaction from any interested party.

Written representations about any competition issues should be provided by the deadline set out above.

Contact

Please send written representations about any competition or public interest issues to: [email protected]

Your name and contact details are your personal data. In collecting, receiving, storing, accessing and using your personal data, the CMA, as controller, is processing your personal data. The CMA processes personal data in accordance with data protection law. The CMA is processing your personal data so that it can contact you again, should it need further help or information from you, in order to carry out its merger work under Part 3 of the Enterprise Act 2002. For more information about how the CMA processes personal data and your rights relating to that data, please see our Privacy Notice.

Updates to this page

Published 31 May 2024
Last updated 29 August 2024 + show all updates

  1. Clearance decision full text published.

  2. Clearance decision published.

  3. First published.

Contents