# Aldermore owner mulls splitting group as Investec circles banking unit

- URL: https://talkfuse.com/story/aldermore-owner-mulls-splitting-group-as-investec-circles-banking-unit/
- Published: 2026-11-09T14:22:50+00:00
- Updated: 2026-11-09T18:08:58+00:00
- Original publisher: City AM (publisher lean: Right)
- Original article: https://www.cityam.com/aldermore-owner-mulls-splitting-group-as-investec-circles-banking-unit/
- Topics: Africa, Business, World

## Key points

- FirstRand may split Aldermore after bids excluded MotoNovo.
- Investec is among the bidders for the banking business.
- MotoNovo’s commission charge rose to £153.2m.

## Summary

FirstRand is considering splitting Aldermore after bids emerged for its banking business that exclude its motor finance arm, MotoNovo. The sale has narrowed to a handful of bidders, with Investec among those pursuing the bank, while the division’s losses and potential compensation costs complicate the process.

Lloyds and a joint bid from Warburg and Cerberus are also reported to remain in the running. RBC analysts estimated the wider group could be worth £1.1bn to £1.6bn. MotoNovo booked a £153.2m charge for historical motor finance commissions and a £151.6m loss for the year to June 2026; the wider industry compensation scheme is valued at £9.1bn.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.