Virgin to lodge bid for Northern Rock
Richard Branson’s Virgin Group today confirmed it will lodge its bid for troubled bank Northern Rock on Monday.
The Virgin consortium said it was hammering out the final details of its offer for the crisis-hit lender in time for the February 4 deadline.
Chancellor Alistair Darling gave Northern Rock’s suitors until next week to come up with their definitive offers after announcing a financial package to smooth the path for a private sector sale earlier this month.
