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Halifax may buy Barclays branches
HIGH street bank Halifax yesterday revealed it may be interested in acquiring more than 40 branches which are being closed by its rival Barclays.
The group said the move was part of a major branch expansion programme it had announced in March, which will see it open 100 new branches across London and the South during the next five years at a cost of £100m.
Barclays, which acquired The Woolwich in 2000, announced plans last month to merge around 200 Barclays and Woolwich sites which are within 300 metres of each other.
It also said it would rebrand the remaining Woolwich sites as Barclays, heralding the end of The Woolwich name on the high street after more than 150 years.
Halifax said it had contacted Barclays' agents to get further details on more than 40 sites mainly in the South of England which it may wish to purchase in due course.
It added that Barclays may also have other branches it would be interested in.
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