Bradford & District | Archive | 2007 | March | 5


B&B acquisition

From the archive, first published Monday 5th Mar 2007.

Bradford & Bingley has completed the acquisition of an £803 million mortgage loan portfolio from GMAC-RFC.

The purchase, funded from Bradford & Bingley's existing resources, has been made by its wholly owned subsidiary company, Mortgage Express.

The acquisition will increase the group's total assets by around 1.8 per cent.

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