Metro Bank sale boosts shares 7%, investor Gilinski eyes £420 million profit
Metro Bank announced its sale on Thursday, potentially yielding a £420 million windfall for Colombian billionaire investor Jaime Gilinski Bacal. The bank’s shares rose 7% to 190p following the announcement, valuing the lender at approximately £1.3 billion. Gilinski Bacal, who rescued the bank from near-collapse in 2023, could profit significantly.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 12 Nov 2026, 12:43 UTC · Updated 12 Nov 2026, 12:50 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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