Metro Bank up for sale, with billionaire investor in line for £420m windfall
Shares up 7% after announcement as Jaime Gilinski Bacal seeks exit three years after helping to rescue bankMetro Bank is putting itself up for sale three years after its near-collapse, in a move that could hand a £420m windfall to…
By · November 12, 2026 · 1 min read
This article was originally published by
The Guardian World
and is republished here under license.
Shares up 7% after announcement as Jaime Gilinski Bacal seeks exit three years after helping to rescue bank
Metro Bank is putting itself up for sale three years after its near-collapse, in a move that could hand a £420m windfall to its Colombian billionaire investor, Jaime Gilinski Bacal.
Metro Bank made the rare decision to publicly announce it was open to bids on Thursday, paving the way for a wider pool of suitors. The announcement pushed the share price up by 7% by mid-morning, valuing the bank at about £1.3bn.
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