Metro Bank announces sale process, shares rise after billionaire investor eyes exit

Metro Bank said on Thursday that it is open to bids, making the first public invitation for a sale since its near‑collapse three years ago. The move follows the involvement of Colombian billionaire Jaime Gilinski Bacal, who helped rescue the lender and is now seeking an exit. The Guardian reported that the announcement lifted Metro Bank’s share price by 7% by mid‑morning, valuing the bank at roughly £1.3 billion. Analysts noted that a sale could generate a £420 million windfall for Gilinski Bacal if a deal is struck. By publicly confirming its willingness to entertain offers, the bank hopes to attract a broader pool of potential buyers and signal a new phase in its recovery.

The share‑price jump reflects investor optimism that the bank’s turnaround is gaining traction and that a sale could unlock value for shareholders.

Why it matters

The potential sale could provide a substantial return for the billionaire investor and signals confidence in Metro Bank’s recovery, affecting its shareholders and the broader UK banking sector.

Key details

Location

Colombia · Americas

Reported by

The Guardian

First reported

12 Nov 2026, 18:13 IST

Key names

Metro Bank, Jaime Gilinski Bacal, Colombian

Section

Business

Figure cited

The announcement pushed the share price up by 7% by mid-morning, valuing the bank at around £1.3bn. (The Guardian)

Sources

This is an independent summary. Read the full, original reporting from the publisher:

• The GuardianMetro Bank up for sale, with billionaire investor in line for £420m windfall 12 Nov, 18:13

Read the full story at The Guardian ↗

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