Article written by Peter Chapman.
Published on 26/03/2012 at 10:00 AM.
RBS, the bank that the British taxpayer bailed out due to their irresponsible lending, looks like it might back a bid for Game — if the Daily Mail is to be believed. HM Treasury (the UK government) owns an 84% stake in the banking and insurance holding company, thanks to the government rescue as it was about to collapse in 2008.
The Mail’s Thisismoney website says that RBS is leading a consortium which is watching the situation and preparing to swoop on the most attractive areas of the business, should it go into administration as expected later today.
According to the website, once Pricewaterhouse Cooper officially begins Game Group’s administration period, bids are likely from OpCapita and GameStop too.