The British government on Friday completed the 5 billion pound ($6.96 billion) final sale of mortgage lenders Bradford & Bingley and NRAM Limited, which were nationalised in the aftermath of the 2008 financial crisis.
The sale was approved following a competitive auction process and will see B&B and NRAM, formerly Northern Rock, sold to a consortium comprising Davidson Kempner Capital Management and Citibank.
See source at Reuters
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