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Blackstone Mulls £1B Northern Rock Bid
Blackstone is planning to bid for a stake in Northern Rock.
Blackstoneis planning to bid for a stake inNorthern Rock,The Guardianreports. The private equity firm may offer £1 billion for the stake.
Blackstone may bid alone or tie-up with another bidder for Northern Rock. Other interested bidder includeVirgin Money,National Australia Bank,NBNKandOlivant.
Click here for the story fromThe Guardian.