The controlling interests that have bought into 5+% are very Aussie-centric, and financial insto's, so the franking isn't even an issue in the Antipodes it seems...
From Ann 17 May exceeding 5%- Consortium consisting of- RBC Global Services Australia Lt, JP Morgan Nominees Australia Ltd, State Street Australia Lt, Citi Grou, Bendigo Bank.
This on top of last month's Westpac exceeding 5%.
Aussie Banks buying into this UK bank, looks promising to me, if anyone's gonna be in the know it should (theoretically) be them.
Another Misunderstood Spin-Off, page-28
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