Buy-to-let lender’s board backs £1.6bn merger
Charter Court Financial Services has revealed strong results for its first full year as a listed company - just as it gives its backing to a merger that would take it private again.
The board of Wolverhampton-based buy-to-let lender has backed plans for a deal with OneSavings Bank which would create a £1.6bn business.
The plans would see Charter Court shareholders take a 45% stake in the combined group and it will now be put to shareholders of both companies.
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