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PAG Paragon Banking News Story

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Brief: Paragon Banking To Sell Specialist Fleet Services To NRG For £85.6 Mln

BRIEF-Paragon Banking To Sell Specialist Fleet Services To NRG For £85.6 Mln

- Paragon Banking Group PLC PAGPA.L:

  • PARAGON BANKING - TO SELL SPECIALIST FLEET SERVICES TO NRG FOR £85.6 MILLION; COMPLETION EXPECTED JULY 2026

  • PARAGON BANKING - DEAL TO ADD £40 MILLION TO PARAGON TANGIBLE NET ASSETS AND 0.5% TO CET1 RATIO

  • PARAGON BANKING GRP - SALE OF VEHICLE AND FLEET SUBSIDIARY

  • PARAGON BANKING - 100 EMPLOYEES TO TRANSFER TO SFS UPON COMPLETION OF DEAL

Source text: [ID:]

Further company coverage: PAGPA.L


((Reuters.Briefs@thomsonreuters.com;))

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