Egg For Sale?
Speculation grows that the UK's biggest online bank may be up for sale
17th January 2004
Speculation is growing that Egg Plc, the internet banking and credit card company, is to be put up for sale. Prudential, who own 79% of the company, are believed to be ready to sell after bringing the company's UK operations into profit.
Egg, which has 3m customers overall and 5% of the UK credit card market, is attracting the interest of companies including MBNA, Royal Bank of Scotland, Lloyds TSB and Capital One, along with several other UK banks.
Read More: Financial Times
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Products from Egg : Card, Loans, Money, Motor Insurance, Savings Account |
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More Egg News : Egg plc Posts £40m Loss, Prudential Plans to Buy Back Egg, Egg's Profits Rise, £437bn Spent on Debit and Credit Cards, Egg Launches Mobile Banking, See all 20 Egg stories >>> |
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