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Paragon confirms bank acquisition talks

3rd December 2012

Nigel Terrington, chief executive, Paragon Group

Nigel Terrington, chief executive, Paragon Group

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 a banking licence.Hampshire Trust i......for the full story register now for free or login below...

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