Northern Rock set for sell-off

first_imgMonday 17 January 2011 9:41 pm Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap whatsapp Share THE government has invited pitches for financial advisers to assist in offloading its stake in the nationalised bank Northern Rock.UK Financial Investments, the body that administers the taxpayer’s stake in bailed-out banks, opened itself up for a “beauty parade of investment banks” yesterday. It said that it is considering a range of options, but most observers think a sale of the Northern Rock “good bank” – as opposed to the “bad bank” privatised last year – is most likely.The “good bank” includes all of Northern Rock’s branches, deposits and IT systems, with estimates that the assets will fetch a price close to £1.5bn.Credit Suisse is thought to be in good standing with UKFI, having handled a lot of government work during the financial crisis.Goldman Sachs has also been cited as a strong contender, but industry sources queried whether it is in pole position given it was dropped as an adviser after a previous deal involving Northern Rock.The sale is likely to attract strong interest from a range of banks which are looking to expand their presence in the UK. Virgin Money, NBVK Investments and National Bank of Australia are all thought to be interested. center_img KCS-content whatsapp Northern Rock set for sell-off by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For Tags: NULLlast_img

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