Proceeding contribution from Mark Hoban (Conservative) in the House of Commons on Monday, 21 November 2011. It occurred during Ministerial statement on Northern Rock.
Northern Rock
The hon. Gentleman is well known for his business experience, but what we need is to get the best deal for the taxpayer and Northern Rock. The advice that we received from our independent advisers indicated that this was the best time. As I mentioned in my statement, we got a price-to-book ratio of about 0.8, which compares with other banks, which are currently trading on a price-to-book multiple of 0.5. That sounds to me like a good deal for the taxpayer.
Secondary information
- Type
- Proceeding contribution
- Reference
- 536 c30
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Government shareholding Sales Northern Rock plc Virgin Money
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 13:54:30 +0000
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