Statement from The Co-operative Group following The Co-operative Bank's announcement about raising capital
09 May 2014
The Co-operative Group notes today’s announcement from The Co-operative Bank in relation to its £400m capital raising and confirms its participation, as described in the Bank's announcement. While the size of the Group’s shareholding will be reduced following the capital raising, we will retain a significant stake and expect to remain the single largest shareholder. The Group remains supportive of the Bank and its strategy.