"Christopher Flowers, the secretive financier who was among the initial bidders for Northern Rock, has built a secret stake in Friends Provident, the struggling life assurer, The Sunday Telegraph has learned. Flowers has acquired just under 3 per cent of Friends through his eponymous investment vehicle, JC Flowers, a move that could presage a formal takeover bid for the company."
http://www.telegraph.co.uk/money/main.jhtml;?xml=/money/2008/01/20/cnfriends120.xml
Sunday, January 20, 2008
FP.
