Peer-to-peer lender RateSetter to be acquired by Metro Bank
LONDON (UK) – Metro Bank announced on Monday that it is all set to buy peer-to-peer lender RateSetter for an initial payment of 2.5 million pounds.
After completion of the takeover which is subject to the satisfaction of certain criteria, an additional 500,000 pounds will be paid 12 months later. On the third anniversary of the completion of the acquisition up to 9 million pounds will be paid, Metro said in a statement.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field