Virgin Submits Proposal For Northern Rock
British capital — A pool led by Richard Branson’s Virgin Group articulated Monday that it’s subjected a marriage proposal to refinance stricken mortgage loaner Northern Rock . Virgin and its partners emphasised they would set up a capital injectant of 1.25 000 000 000 pounds (USD 2.49 000 000 000), letting in 500 000 000 pounds in cash, the Virgin Money business organization — precious at 250 000 000 pounds — and a 500 000 000 pounds rights issue. Earliest Monday, Olivant Advisors informated it wouldn’t subject a marriage offer for the banking concern.