RBS Leading Bank Consortium To Rescue Game Group - Newspaper
25 Mars 2012 - 3:38PM
Dow Jones News
U.K. taxpayers could end up with a stake in video games retailer
Game Group PLC (GMG.LN) which could be rescued by Royal Bank of
Scotland Group PLC (RBS.LN), reports the Sunday Times newspaper,
without saying where it got its information.
RBS, 83%-owned by the U.K. government, is heading a consortium
of Game Group's existing banks that has made a bid to buy the
troubled computer games retailer out of administration.
Game Group's British operations, which include 610 stores, are
set to be put into administration Monday, which will allow the
company to undergo restructuring before being sold. Three bidders
are interested in backing a slimmed-down Game Group, according to
the report.
An RBS spokeswoman declined to comment on the report.
Game Group wasn't immediately available.
Newspaper Web site: http://www.timesonline.co.uk
-London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320
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