Barclays Completes £600M Acquisition of Tesco Bank, Strengthening UK Market Presence
Barclays completes its £600M acquisition of Tesco Bank, bringing 2,800 employees and billions in assets under its umbrella. In a ten-year partnership, Barclays will manage Tesco’s banking services, while Tesco plans a shareholder buyback of £700M, following its ongoing £1B program.
November 05, 2024