Virgin Money to buy Northern Rock

Richard Branson's Virgin Money is to buy UK nationalised lender Northern Rock in a £747m (€873.87m) deal, the British Treasury announced today.

Virgin Money to buy Northern Rock
Thu, 17 Nov, 2011 - 10:09

Richard Branson's Virgin Money is to buy UK nationalised lender Northern Rock in a £747m (€873.87m) deal, the British Treasury announced today.

The takeover of the Newcastle-based bank, which was taken into public ownership in February 2008, is expected to be completed by the end of this year.

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