Thursday October 22, 2020

National Australia values Clydesdale Bank at up to €2.7 billion

The Melbourne-based bank has set an IPO price range for its UK division

18th January, 2016
David Duffy, who left AIB to head Clydesdale Bank Pic: RollingNews.ie

National Australia Bank set an initial public offering price range for its Clydesdale Bank unit, led by former AIB chief executive David Duffy, that values its UK division at as much as £2.07 billion (€2.7 billion) and advances its plan to exit the market.

The shares will be offered at 175 pence to 235 pence each, giving the division a value of at least £1.54 billion, the Melbourne-based lender said in a statement to the...

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