Barclays Explores Tesco Bank Acquisition, Reuters Reports
November 17 2023 - 9:38AM
Dow Jones News
--Barclays is exploring buying Tesco's banking operations and
has submitted an indicative bid, Reuters reports, citing unnamed
sources.
--The U.K. retailer has asked potential buyers to submit offers
for Tesco Bank by the end of the week and other offers besides the
British lender's are expected, Reuters reports.
--Barclays declined to comment and Tesco didn't immediately
respond to a request for comment by Dow Jones Newswires.
Full story: https://tinyurl.com/4k9r7vk7
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
November 17, 2023 10:23 ET (15:23 GMT)
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