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Co-op Bank in exclusive merger talks with Coventry Building Society
(Sharecast News) - The Co-operative Bank said on Thursday that it has entered into exclusive talks with Coventry Building Society about a possible merger. Co-op Bank said that after an undisclosed number of non-binding proposals from potential bidders, formal discussions with Coventry will allow both parties to "better evaluate the merits of a combination".
There is no certainty the talks will result in a deal, it said, adding that a further update will be provided in due course.
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