Coventry, Virgin Money Plan Bids for Northern Rock, Mail Reports
Coventry Building Society and Virgin Money Ltd. may make the most credible proposals to buy Northern Rock Plc, the Mail on Sunday reported, without citing anyone.
Coventry may have received the backing of major institutions for buying the state-owned bank, according to the London-based newspaper. The U.S. billionaire Wilbur Ross has pledged 500 million pounds ($816 million) to back Virgin’s bid for Northern Rock, the Mail on Sunday said.
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