Sainsbury’s takes full ownership of banking arm from Lloyds
Sainsbury’s has confirmed it’s taken full ownership of Sainsbury's Bank, having completed buying the remaining 50 per cent shareholding from Lloyds Banking Group.
The supermarket announced back in May 2013 that it would acquire the rest of its banking arm, which is now a wholly owned subsidiary of the company.
The transaction was completed on 31 January.
Shares in Sainsbury's are up nearly 0.5 per cent this morning:
(Google)