FACTBOX-Major nationalisations and bailouts
(Reuters) - The government announced the temporary nationalisation of troubled bank Northern Rock on Sunday, rejecting two rival bids to take it over.
Following is a list of some previous nationalisations or bailouts by the British government:
* ROLLS-ROYCE PLC
In 1971 Rolls-Royce was rescued by the government from bankruptcy following the mounting cost of developing its RB211 turbofan aeroengine. Under the rescue deal, the car business was split from the aeroengine side which was nationalised. Rolls-Royce cars is now owned by Germany's BMW AG while the aeroengine part returned to the stock market.
* BRITISH LEYLAND:
In 1968 a merger created the vast carmaker with 70 factories and some 200,000 workers which suffered severe industrial militancy. By the mid 1970s it had to be saved from bankruptcy by the Labour government.
Under the Conservatives in the 1980s new management was installed and its name was changed to BL, then Austin Rover, then just Rover, as buses, trucks and parts divisions were sold and the workforce slashed.
Subsequently renamed MG Rover the group ran out of cash in April 2005 and cut up to 5,000 jobs after failing to secure a rescue deal with China's Shanghai Automotive Industry Corp. The government loaned Rover about 6.5 million pounds as part of a rescue plan. The company was later sold to Nanjing Automobile Group for an unknown sum.
* JOHNSON MATTHEY BANK, NATIONAL HOME LOANS: Continued...
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