Barclays completes Tesco Bank buy

Barclays Completes Purchase Of Tesco Bank For $775 Million
Barclays has completed the acquisition of the majority of Tesco’s banking operations in a deal that will allow the supermarket chain to return the proceeds of the sale to shareholders.
Barclays completes Tesco Bank buy as retailer hands £700m to shareholders
Tesco is to hand £700 million back to shareholders using the proceeds of a now-completed sale of its banking business to Barclays.The supermarket giant said the deal will kick off a 10-year partnership with the finance giant,
Barclays completes £600m Tesco Bank takeover
Barclays has completed its £600m takeover of Tesco’s banking arm after high court approval for the buyout came on 17 October. As part of a ten-year partnership between the two firms, Barclays will begin operating and managing Tesco Bank.
Tesco Bank sale sparks share buyback
Britain's largest supermarket group said it would begin a share buyback after completing a previous £1billion buyback programme that is still ongoing.
Barclays completes Tesco Bank acquisition
The supermarket chain said the deal will kick off a 10-year partnership with the bank, where Tesco branding stays on its banking products, while they are supplied by Barclays. Barclays will market and distribute credit cards, loans and deposits using the Tesco brand, but Tesco Bank employees and customers will transfer to the new owner.
Tesco unveils share buyback after bank sale
Supermarket to sell its retail banking operations to Barclays but will hold onto its existing insurance and money services activities, such as ATMs, travel money and gift cards
Tesco set to return GBP700 million as completes bank sale to Barclays
The deal with the UK lender, part of Barclays PLC, had been announced earlier this year in February, and will see Barclays paying around GBP600 million for Tesco Personal Finance Ltd, which has been in operation for more than 25 years. Tesco Personal Finance will continue to operate under the Tesco Bank brand, but will now be managed by Barclays.
Tesco set to return £700m via additional share buyback
Tesco said today that it intended to return £700m to shareholders through an incremental share buyback, as it had completed its banking operations sale to Barclays.
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