Northern Rock Sale 'Delayed' As Buyers Wait for General Election [Edition 2]

Evening Standard - London › October 28, 2009

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Summary

GOVERNMENT hopes of selling Northern Rock before the general election looked doomed today amid signs potential bidders will wait until after polling day.

The European Commission approved plans to split the nationalised lender into a "good bank" and a "bad bank" paving the way for a sale of the sound half of the business to a private buyer.

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Extract

Northern Rock Sale 'Delayed' As Buyers Wait for General Election [Edition 2]

The shake-up will see the Government plough another Pounds 8 billion into Northern Rock, which was saved from collapse by a Pounds 27 billion bailout in...

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