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Northern Rock

Treasury written question – answered on 29th November 2011.

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Photo of Chris Leslie Chris Leslie Shadow Minister (Treasury)

To ask the Chancellor of the Exchequer if he will publish the advice he received from Deutsche Bank recommending that he proceed with the sale of Northern Rock to Virgin Money.

Photo of Mark Hoban Mark Hoban The Financial Secretary to the Treasury

The deal is expected to complete on 1 January 2012, pending European Commission (EC) merger clearance and Financial Services Authority (FSA) approval.

The Government will consider what information regarding the Northern Rock sale process will be disclosed following the completion of the transaction.

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