Resolution may lead B&B £400m capital injection

UK-based financial services restructuring company Resolution Ltd. Monday said it has been invited by certain investors in Bradford & Bingley PLC to lead a £400m (€506.6m) capital injection and block a rival financing plan involving TPG.

Resolution said its proposal would result in a capital injection by existing B&B investors to replace TPG's proposed capital raising and a restructured rights issue.

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