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Competition watchdog probes £1.3bn subprime lender merger

Published on: 31 May 2019
Published by: Law360
  • Competition watchdog probes £1.3bn subprime lender merger

Article summary

Law 360, London: Britain's competition regulator announced it is investigating short-term lender Non-Standard Finance (NSF)’s proposed £1.3bn ($1.64bn) hostile takeover of rival Provident Financial, citing concerns that jettisoning parts of its business could still reduce options for consumers who struggle to borrow cash from mainstream lenders. or take a trial to read the full analysis.

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