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29 October 2021

UKAR Update (October 2021)

On 26 February 2021 UKAR Ltd (“UKAR”) announced the sale of the issued share capital of Bradford & Bingley (“B&B”) and NRAM Ltd (“NRAM”) and their remaining mortgage and loan portfolios to a consortium of Davidson Kempner Capital Management LP (“Davidson Kempner”) and Citibank (“Citi”). As contemplated in that announcement and following the receipt of […]

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21 February 2021

UKAR Update (February 2021)

UK Asset Resolution Ltd (UKAR) confirms that it has agreed to sell the issued share capital of Bradford & Bingley plc (“B&B”) and NRAM Ltd (“NRAM”) and their remaining mortgage and loan portfolios to a consortium comprising Davidson Kempner Capital Management LP (Davidson Kempner) and Citibank (Citi). The majority of the financing for the transaction […]

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