Move by smaller rival Non-Standard Finance has backing of key shareholderProvident Financial, the controversial doorstep lender that charges interest rates of 535%, has received a surprise £1.3bn takeover bid from a smaller rival led by its former chief executive.The unsolicited bid for the “Provvy” from Non-Standard Finance, run by the former Provident Financial boss John van Kuffeler, has the backing of key shareholder Neil Woodford and others who own more than 50% of the company’s shares. Continue reading…
Via: Doorstep lender Provident Financial gets £1.3bn takeover bid
Categories: English News