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Clydesdale Bank sets sights on listings in 2016 as demerger continues

Discussion in 'Market News' started by Lily, Dec 15, 2015.

  1. Lily

    Lily Forum Member

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    Clydesdale, which has 2.8 million customers and a £20bn mortgage book, is expected to be part of the FTSE-250 index

    Clydesdale Bank is to go ahead with a listing on the London Stock Exchange and the Australian Securities Exchange next year as part of its demerger from National Australia Bank.

    NAB said in May it would sell 20-30% of its British business, which includes the Clydesdale and Yorkshire bank brands. The float will allow NAB to shore up its balance sheet after regulators imposed stricter rules on banks.

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