Press Releases
December 2008
22nd December 2008
Tim Sykes to join UKFI
UKFI today announces the appointment of Tim Sykes as Senior
Banks Analyst. Tim will report to John Crompton, Head of Market Investments, and will focus on those banks which subscribed to the recapitalisation fund.
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1st December 2008
UKFI takes on management of RBS shares
UKFI will today take on management of the Government’s 57.9% stake in the Royal Bank of Scotland, as the Treasury purchases 22.9bn ordinary shares for £14.97bn and £5bn in preference
shares.
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November 2008
27th November 2008
John Crompton joins UKFI
UKFI announces the appointment of John Crompton as Head of Market Investments. John will be responsible for the management of the governments shareholdings in those banks which subscribed to the recapitalisation fund.
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UKAR announces £11.8 billion sale of Bradford & Bingley assets
UK Financial Investments Limited (UKFI), today confirms that following an open and competitive sales process, UK Asset Resolution Limited (UKAR), the holding company for the government owned businesses of Bradford & Bingley plc (B&B) and NRAM Limited (NRAM), has agreed to sell two separate asset portfolios of performing buy-to-let loans from B&B to Prudential plc and to funds managed by Blackstone for £11.8 billion
Intention to sell shares in Lloyds Banking Group plc through a trading plan
UKFI today announces that it intends to continue to sell Her Majesty’s Treasury’s (“HMT”) shareholding in Lloyds Banking Group plc (the “Company”) over the next twelve months through a pre-arranged trading plan that will be managed by Morgan Stanley & Co. International plc (“Morgan Stanley”).