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    1. Home
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    3. >Sainsbury's says NewDay gets beneficial title to Argos cards portfolio
    Finance

    Sainsbury's Says NewDay Gets Beneficial Title to Argos Cards Portfolio

    Published by Global Banking & Finance Review®

    Posted on March 3, 2025

    1 min read

    Last updated: January 25, 2026

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    Quick Summary

    Sainsbury's announces NewDay's beneficial title acquisition of Argos cards portfolio, valued at £720M. Legal title to transfer in 2026.

    NewDay Acquires Beneficial Title to Argos Cards Portfolio

    British supermarket chain Sainsbury's said on Monday that NewDay Group had gained beneficial title, or the right to benefit from a property, to its Argos Financial Services (AFS) cards portfolio.

    Sainsbury's had sold the AFS portfolio to NewDay for an expected 720 million pounds ($906.9 million) in October last year. NewDay will get legal title to the portfolio in the first quarter of 2026.

    (Reporting by Shashwat Awasthi; Editing by Rashmi Aich)

    Key Takeaways

    • •Sainsbury's sold Argos Financial Services cards portfolio to NewDay.
    • •The portfolio was valued at 720 million pounds.
    • •NewDay gains beneficial title, legal title in 2026.
    • •The sale was finalized in October last year.
    • •NewDay Group is the new beneficiary of the portfolio.

    Frequently Asked Questions about Sainsbury's says NewDay gets beneficial title to Argos cards portfolio

    1What is the main topic?

    The article discusses NewDay Group acquiring beneficial title to Sainsbury's Argos cards portfolio, valued at 720 million pounds.

    2Who are the companies involved?

    The companies involved are Sainsbury's and NewDay Group.

    3When will NewDay get legal title?

    NewDay will receive legal title to the portfolio in the first quarter of 2026.

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