StockMarketWire.com - Co-op Group says it is supportive of the Co-operative Bank's decision to put itself up for sale and options to build capital.

A statement from the group said: "As a minority investor in The Co-operative Bank, the Co-op Group is supportive of the plan to find the bank a new home.

"We will continue to work with the bank and other investors through the process.

"We are focused on finding the best outcome for our members, two million of whom are bank customers, as well as the members of our shared pension scheme which is well funded and supported by the group.

"Our goal is to ensure the continued provision of the type of co-operative banking products our members want."




At 9:21am: (LON:87GO) Cooperative Group Ltd share price was 0p at 111.5p



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