Buy-to-let lender’s board backs £1.6bn merger

Sir Malcolm Williamson, chairman of Charter Court Financial Services
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. Charter Court has irrevocable undertakings of support from shareho... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...