Goldman, Apollo Make Joint Offer for MBNA Europe, Sky Reports

Goldman Sachs Group Inc. (GS)’s private equity unit has teamed up with Apollo Global Management LLC to make an offer for Bank of America Corp. (BAC)’s MBNA Europe unit, Sky News reported on its website.

The joint bid is understood to have made it through to the second round of the auction, Sky said, without saying where it got the information..

Bank of America announced in August that it would sell the card operations in the U.K. and Ireland, the report said.

To contact the editor responsible for this story: Mike Harrison at mharrison5@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.