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The British government to sell the Northern Rock Bank
Xinhuanet.com London November 17 report ( reporter Zhang Yuenan) the British Ministry of Finance announced on 17, state-owned bank Northern Rock Bank ( also translated Innocent Luo Ke bank ) has about 1000000000 pounds ( $1 $1.6) sold to the virgin of wealth, is expected to be completed in January 1, 2012 this transaction.
The Ministry of Finance said in a press release, virgin wealth in the completion of the transaction to the British government to pay 747000000 pounds, then divided batch payment total value of about 200000000 pounds in cash or securities.
After the transaction is completed, the Northern Rock Bank will be renamed virgin wealth company, virgin wealth will be expressed in north of the original stone headquarters of Newcastle city to build a new corporate headquarters, and that the next 3 years will not make cuts.
In addition, if the virgin of wealth in the next 5 years will be the northern rock bank listed or sold to others, also to the British government to pay 50000000 pounds to 80000000 pounds.
The Northern Rock Bank in the 2008 financial crisis hit on the verge of bankruptcy, the British government was forced to carry on the capital assistance, make its become state-owned bank. The British government in 2010 January to its split into the Northern Rock Bank and North Stone asset management company, which is used to manage the Northern Rock Bank loans. This sale is after the split of the banking sector, the government said, it is not to sell the asset management company plan.
