The battle for crisis-hit bank Northern Rock looks set to intensify this week
as a number of suitors re-table bids to rival the one put forward by Virgin.
Northern Rock could be at the centre of a four-way tussle with private equity
firm Olivant expected to enter the fray, while private equity groups JC Flowers
and Cerebus are set to put forward revised proposals, according to Sunday
The move comes just days after the bank named the Virgin Consortium as it's
COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? email@example.com