Downing Street Says » Northern Rock

» Thursday, January 10, 2008

Northern Rock

Asked if the Government was approaching sovereign wealth funds to see if they wanted to buy Northern Rock, the Prime Minister’s Spokesman (PMS) replied that, at the request of the Northern Rock board, the tripartite committee had asked Goldman Sachs to determine the optimal financing package for the sale of the company as part of the goal to resolve the situation as quickly and efficiently as possible.

Asked if that included sovereign wealth funds, the PMS replied that that would be a matter for Goldman Sachs.

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