(Reuters) – 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. (https://bit.ly/3qX7llh)
($1 = 0.7184 pounds)
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Shinjini Ganguli)
