Aurelius Capital sells down stake in Co-Op Bank

 
 
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Thursday November 28 2013
 
 
Breaking news
 
Aurelius Capital sells down stake in Co-Op Bank
 
Aurelius Capital Management, the biggest hedge fund involved in the recent debt restructuring of the Co-operative Bank, has sold virtually its entire investment in the lender, according to three people familiar with the process.

The sale – to Perry Capital, a London-based hedge fund – took place within days of the Co-op Bank becoming engulfed by a series of lurid allegations over its former chairman, Reverend Paul Flowers.
 
 
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