LONDON, March 24 The Co-operative Group
said it is considering whether to participate in a proposed 400
million pound ($660 million) capital raising by the Co-operative
"As a shareholder in the bank we will consider our position
in relation to the proposed additional capital raising," the
group said in a statement emailed to Reuters on Monday.
Co-op Group ceded control of the bank to bondholders
including U.S. hedge funds in a restructuring last year which
saw its stake reduced to 30 percent.
($1 = 0.6063 British Pounds)
(Reporting by Matt Scuffham; Editing by Steve Slater)