The Financial Conduct Authority (FCA) has given the green light for Non Standard Finance plc’s (NCF) acquisition of Everyday Loans Holdings Limited from Secure Trust Bank plc by providing its unconditional approval for the change of control of Everyday Loans.
On 4 December 2015, NSF announced that it had entered into an agreement to acquire Everyday Loans Holdings Limited for £235 million.
Everyday Loans is the largest non-bank provider of branch-based unsecured consumer loans in the UK.
Following the FCA’s decision, completion is expected to occur on 13 April.