Jupiter to sell £100m Starling Bank stake at big discount to valuation
- Date: 22-Sep-2022
- Source: SkyNews
- Sector:Financial Services
- Country:Qatar
Jupiter to sell £100m Starling Bank stake at big discount to valuation
The London-listed asset manager Jupiter is finalising the sale of a stake in Starling Bank at a big discount to its most recent valuation of £2.5bn.
Sky News has learnt that Jupiter Fund Management is in advanced talks with several existing investors in the digital lender about offloading a roughly-7% shareholding.
The discussions have settled on a valuation for Starling Bank of about £1.5bn, according to people close to the situation.
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