MADRID (Thomson Financial) - Nueva Rumasa, led by Spanish businessman Jose Maria Ruiz-Mateos, plans to bid for 10 pct of beleaguered UK mortgage lender Northern Rock PLC in the next few days, El Mundo reported, without naming its source.
Ruiz-Mateos first informed Northern Rock management of his interest in the bank last Friday, and has backed up his offensive with assurances that other Spanish investors are prepared to put up money.
El Mundo cited unnamed sources close to Nueva Rumasa as saying that the businessman believes he could head up Northern Rock just with a 10 pct stake, and under the strict supervision of a steering committee formed by the bank's other shareholders.
Northern Rock, worth over 1.1 bln eur, has said that it has received approaches from a number of potential buyers.
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