Yorkshire Building Society to acquire Egg mortgage and savings books

The deal, subject to approval by the High Court, comprises a £2.5bn savings book and a £430m mortgage book. As part of the transaction, the Yorkshire will also acquire the Egg brand. The sale comes just a few months after Citi had sold off Egg's credit card assets to Barclays. Yorkshire Building Society, which has more than £30bn worth of assets, said buying the Egg businesses would widen its products and range of services, and improve the company's funding position. Yorkshire has not disclosed how much it will pay for the Egg businesses. The acquisition is expected to be completed...