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Government Completes Final £5BN Sale of Bradford & Bingley and Northern Rock

Davidson Kempner and Citibank Funded by PIMCO Have Bought the Remaining Loans and Companies From State-Owned UKAR
HM Treasury has returned the former Bradford & Bingley and Northern Rock to private ownership. (CoStar)
HM Treasury has returned the former Bradford & Bingley and Northern Rock to private ownership. (CoStar)
CoStar News
February 26, 2021 | 1:37 P.M.

The government has completed the final £5bn sale of Bradford & Bingley and NRAM Limited, the former Northern Rock, the last part of its drive to return the failed principally mortgage lenders brought into public ownership as a result of the 2007-08 financial crisis to private ownership.

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