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Birmingham Post
Birmingham Post
Business
Jon Robinson

Co-operative Bank tables bid for £650m Sainsbury’s Bank mortgage book

Cooperative Bank BusinessLive

The Co-operative Bank has tabled a bid for a £650m loan portfolio being offloaded by Sainsbury’s Bank.

First reported by Sky News, BusinessLive understands the Manchester-headquartered bank is one of a number of parties interested in the portfolio.

The Co-operative Bank is owned by a syndicate of private equity firms and hedge funds and is separate to the wider Co-op Group.

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