Tesco linked to early sale of Northern Rock

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Tesco has emerged as a potential bidder for Northern Rock as the Government races to sell the state-owned lender before a general election, The Times has learnt.

The supermarket chain has shown provisional interest in buying the bank nationalised as the credit crisis brought the financial system within hours of collapse. Virgin, which tried to buy Northern Rock at the time, has expressed renewed interest and private equity funds have made inquiries.


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