Paragon May Consider Offer for Northern Rock, Sunday Times Says

Paragon Group Cos., the U.K.’s third largest mortgage provider to landlords, may consider an offer for Northern Rock Plc, the Sunday Times said, citing unidentified industry sources.

The company has asked for information on the sale of the bank, which was taken over by the British government in 2008, the newspaper said. Other possible bidders include Coventry Building Society, Virgin Money Ltd., Co-op Financial Services and NBNK Investment Plc, according to the report.

To contact the reporter on this story: Anchalee Worrachate in London at aworrachate@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net

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