Sainsbury’s ends talks on selling banking operation
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October 22, 2021
LONDON (Reuters) – British supermarket Sainsbury’s said on Friday it had ended talks about selling its banking operation after concluding that approaches it first received in November 2020 did not offer good value for shareholders.
“Whilst the Board of Sainsbury’s believe that it was in the best interests of shareholders to explore these expressions of interest, it has concluded that these do not offer better value for shareholders than will be realised through retaining Sainsbury’s Bank,” it said.
(Reporting by Paul Sandle; editing by James Davey)
Source Link Sainsbury’s ends talks on selling banking operation
Tajammul Pangarkar is a CMO at Prudour Pvt Ltd. Tajammul longstanding experience in the fields of mobile technology and industry research is often reflected in his insightful body of work. His interest lies in understanding tech trends, dissecting mobile applications, and raising general awareness of technical know-how. He frequently contributes to numerous industry-specific magazines and forums. When he’s not ruminating about various happenings in the tech world, he can usually be found indulging in his next favorite interest - table tennis.
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