Bloomberg News

Moore Capital Buys Stake in U.K.’s Metro Bank, Sky News Says

May 26, 2012

Hedge fund Moore Capital has bought a stake in the U.K.’s Metro Bank, Sky News’ Mark Kleinman reported on his blog.

Moore Capital bought the stake as part of a 125 million pound ($196 million) fundraising by the bank, Kleinman said.

Existing Metro shareholders, including billionaires David and Simon Reuben, the U.K.’s McAlpine family and LeFrak Organization Inc., a U.S. property company, also participated in the fundraising, he said.

To contact the reporter on this story: Jason Webb in London at jwebb25@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net


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