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BBVA invests GBP 29.4 mln more in Atom bank

Wednesday 8 March 2017 | 16:01 CET | News
BBVA is strengthening its investment in UK mobile-only bank Atom, saying it will participate with GBP 29.4 million in the bank's capital increase. The investment will allow BBVA to continue as Atom's main strategic investor and maintain its stake at around 29.5 percent. Under the investment deal, BBVA will keep two seats on Atom's board of directors. Existing shareholders Woodford Investment Management and Toscafund are also participating in the capital increase.

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Categories: Mobile & Wireless
Countries: United Kingdom
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