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BRIEF-Co-op Bank starts sale process, considers other ways to raise capital
February 13, 2017 / 7:09 AM / 9 months ago

BRIEF-Co-op Bank starts sale process, considers other ways to raise capital

Feb 13 (Reuters) - Co-operative Bank Plc

* Board commencing sale process and considering options to build capital

* Considerable progress in delivering turnaround plan, including rebuild of a retail banking proposition differentiated by distinctive values and ethic

* Also considering ways to raise equity capital from existing and new capital providers and a potential liability management exercise of its outstanding public debt

* Has engaged BofA Merrill lynch and ubs investment bank for both of these activities Source text for Eikon: Further company coverage: (Reporting By London Bureau)

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