Monzo in takeover talks valued at up to £10bn

Summarised from 2 outlets · Updated 28 Sept, 13:13 · Archive

British neobank Monzo is in talks about a potential takeover by Brazil's Nubank, reportedly valued at up to £10bn.

British neobank Monzo is in talks about being taken over by Nubank, the Brazilian rival, in a deal that could value the company at as much as £10bn. Private equity firm Advent International is also interested in buying a stake in Monzo. The potential sale would represent a move away from a London listing.

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How it is being reported

Monzo in talks to be sold to Brazil's Nubank for £10bn as another British firm looks set to fall into foreign handsThis is Money · 28 Sept, 12:42
Buyout firm Advent eyes Monzo stake amid £10bn Nubank bid talksSky News · 27 Sept, 11:35

In this story: Monzo · Nubank · Advent International · Brazil · London

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