23rd June 2007, 05:32 PM
Nationwide considers disposal of IoM operation
Nationwide Building Society ("Nationwide") announces that it has appointed independent investment bank Gleacher Shacklock LLP to review the strategic options for its offshore Isle of Man based deposit-taking business Nationwide International Limited ("NIL"). The review has been prompted following the receipt of expressions of interest in the business from third parties. The range of options to be considered includes both the sale of NIL and its continued ownership by Nationwide.
and Portman has got rid of its offshore operation to Scarborough ....