Skip to main content

Written question asked by Lord Myners (Labour), in the House of Lords. It was answered by Lord Sassoon (Conservative) on Monday, 5 December 2011.


Finance: Virgin Money

Question
To ask Her Majesty’s Government what is the identity of the ultimate owners of the companies, hedge funds and trusts acquiring Northern Rock plc.
Answer

The sale of Northern Rock plc to Virgin Money was announced on 17 November 2011. Virgin Money will be the new owners of Northern Rock plc. The ultimate ownership of Virgin Money is a question for Virgin Money. The transaction is subject to Financial Services Authority approval as regards the change in control.


Secondary information

Type
Written question
Reference
13760; 733 c115-6WA
Session
2010-12
Subjects
Ownership Sales Northern Rock plc Virgin Money
Link
View this Written question on www.publications.parliament.uk