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UKFI Seeks Northern Rock Sale Advisers

The U.K. Financial Investments is seeking to appoint advisers for the sale of state-owned retail bank, Northern Rock.

    TheU.K. Financial Investments(UKFI) is seeking to appoint advisers for the sale of state-owned retail bank,Northern Rock,金融时报》reports. Advisers are expected to review several options for the bank, including a possible stock market flotation.

    Goldman Sachs,UBSandBank of America Merrill Lynchare likely to offer bids for the Gosforth-based lender. Northern Rock, which could attract bids in the region of £1.4 billion, was nationalized in February 2008 after a shortage of funding.

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    Click here for additional coverage fromReuters.

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