Paragon confirms bank acquisition talks

SOLIHULL-based home credit and mortgages group Paragon has confirmed it is in talks to acquire Hampshire Trust plc, a wholly owned subsidiary of National Counties Building Society.

However, company secretary John Gemmell said there could be no certainty that a deal would be agreed.

“Paragon will update the market when it is appropriate to do so,” he said.

Speculation a deal could be imminent arose over the weekend after suggestions Paragon was pursuing a takeover because of interest over... For the full story register now for free or login below...