Supermarket Sweep for Northern Rock

Supermarket giant Tesco may be a potential bidder for failed British mortgage lender Northern Rock, according to The Times newspaper
By None

Supermarket giant Tesco may be a potential bidder for failed British mortgage lender Northern Rock, according to The Times newspaper.

The newspaper did not reveal its source, and Tesco have dismissed the rumors.

A provisional interest has been shown by the supermarket, but the lender still owes the UK government GPB8.9 billion as of March 2009.

The full article can be found here

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