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RBS Leading Bank Consortium To Rescue Game Group - Newspaper

LONDON -(Dow Jones)- U.K. taxpayers could end up with a stake in video games retailer Game Group PLC (GMG.LN) which could be rescued by Royal Bank of Scotland Group PLC (RBS.LN), reports the Sunday Times newspaper, without saying where it got its information. RBS, 83%-owned by the U.K. government, is heading a consortium of Game Group's existing banks that has made a bid to buy the troubled computer games retailer out of administration. Game Group's British operations, which include 610 stores, are set to be put into administration Monday, which will allow the company to undergo restructuring before being sold. Three bidders are interested in backing a slimmed-down Game Group, according to the report. An RBS spokeswoman declined to comment on the report. Game Group wasn't immediately available. Newspaper Web site: -London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320

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