Nationwide completes takeover of Virgin Money in major bank tie-up

Nationwide has completed its £2.9 billion takeover of Virgin Money, bringing together two of Britain’s largest banking groups.Virgin Money’s shares have been cancelled from trading on the London Stock Exchange following the acquisition.The purchase of the bank by the building society will pave the way for the creation of a combined group with around 24.5 million customers, more than 25,000 staff and nearly 700 branches.