Co-op Bank Set For Stock Market Flotation

The Co-op Group has announced a plan to float its struggling banking arm on the stock market next year.

The decision comes amid a restructure of the Co-op Bank, which will see the mutual inject £462m into the lender.

The parent group will keep 30% of the bank ahead of the planned flotation.

City Editor Mark Kleinman, who revealed on Saturday that the bank would slash more than 1,000 jobs, said the flotation plan still requires approval.

The Co-op Bank, which was founded in 1872, made a £782m loss in the first half of 2013, and has 4.7 million customers.

More follows...

Anda sedang membaca artikel tentang

Co-op Bank Set For Stock Market Flotation

Dengan url

http://raskindollar.blogspot.com/2013/11/co-op-bank-set-for-stock-market.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Co-op Bank Set For Stock Market Flotation

namun jangan lupa untuk meletakkan link

Co-op Bank Set For Stock Market Flotation

sebagai sumbernya