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BLACKSTONE – ACQUISITION OF BRADFORD & BINGLEY MORTGAGES

17 abril, 2017

Global private equity firm Blackstone and insurance company Prudential have announced the acquisition of a £11,800m portfolio of former Bradford & Bingley mortgages from the UK Treasury. Financial details of the transaction have not been disclosed.  The loans were bought by the UK taxpayer at the height of the financial crisis and have been managed by UK Asset Resolution on their behalf.