Paragon Banking Group PLC Statement re possible acquisition (2632N)
08 May 2018 - 4:00PM
UK Regulatory
TIDMPAG
RNS Number : 2632N
Paragon Banking Group PLC
08 May 2018
Paragon Banking Group PLC
Monday 7 May 2018
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Statement re possible acquisition
Paragon Banking Group PLC ("Paragon") notes the press
speculation in relation to a possible acquisition of Titlestone,
the residential development finance lender. The purchase of loan
books and bolt-on businesses represents a core part of Paragon's
growth and diversification strategy.
Paragon confirms that it is in the early stages of considering a
possible acquisition of Titlestone. There is no certainty of an
agreement being reached nor as to the terms of such agreement. A
further update will be provided as appropriate.
End
This information is provided by RNS
The company news service from the London Stock Exchange
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