Granite
(asked on 3rd December 2015) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what the book value of the portfolio of mortgages sold by Cerberus to TSB, following the sale of UK Asset Resolution's Granite portfolio, was on 13 November 2015.
This question was answered on 8th December 2015
Following their acquisition of the Granite portfolio, Cerberus Capital Management LP announced that they have agreed to sell £3.3bn of the assets to TSB Bank plc.