High Court approves YBS-Egg deal
The High Court has approved Yorkshire Building Society's takeover of Derby-based Egg's savings and mortgage business.
The transaction, which includes a £2.1bn savings book and a £400m mortgage book, is now set to go through on Monday (31 October).
The move means Egg savers and borrowers will soon become members of the Bradford-headquartered Yorkshire Building Society.
Iain Cornish, chief executive of YBS, said when the deal was first announced: "We are looking forward to welcoming Egg's mortgage and savings customers to the Yorkshire.
"Continuing to provide them with the outstanding service, administration and value that they have been used to, and which is consistent with our own approach, will be a priority for us and we will work closely with Egg to ensure that customers are kept fully informed throughout this transfer process."
