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Clydesdale Bank flotation approved by NAB shareholders

Discussion in 'Market News' started by Lily, Jan 27, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    National Australia Bank shareholders overwhelmingly back proposal to demerge 75% of troubled British bank

    National Australia Bank shareholders have overwhelmingly voted to spin off its troubled British asset Clydesdale Bank before a partial float of the business expected in London next week.

    More than 97% of shareholders voted for the proposal, which will see 75% of Clydesdale demerged to NAB shareholders, who will be given shares in the bank, one of Scotland’s largest.

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