The Co-operative Bank is in the early stages of exploring strategic options, people familiar with the matter told Reuters, in a move that could kickstart long-touted consolidation among Britain's midsized banks.
Officials for Co-op Bank, Aldermore, OneSavings Bank, Paragon and Shawbrook declined to comment.the Mail on Sunday last month that he was not aware of any takeover interest but noted that things could change as the company develops.
Co-op Bank had an equity value of close to 1.3 billion pounds as of the end of December, based on its latest annual accounts. Hedge funds, including GoldenTree Asset Management and BlueMountain Capital, took control of Co-op Bank from its previous owner the Co-operative Group through a restructuring process in 2017.
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