Nationwide under pressure to give members a say on £2.9bn takeover of Virgin Money after petition hits its target

Nationwide is under pressure to give members a say in the £2.9 billion takeover of Virgin Money after a petition met its target yesterday.

The building association, led by Debbie Crosbie, has said there is no need to consult its 16 million members – but Virgin Money shareholders will have a vote.

A petition set up by members of Nationwide has attracted 500 signatures, which could pave the way for a special meeting.

Nationwide will oppose the vote of the members even if a meeting is organized.

Organizer Mikael Armstrong told The Mail on Sunday that the decision not to give members a say was ‘an outrageous display of arrogance’.