Member access

4-Traders Homepage  >  Shares  >  London Stock Exchange  >  Royal Bank of Scotland Group plc    RBS   GB00B7T77214

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Royal Bank of Scotland Group plc : AnaCap Eyes Royal Bank of Scotland Branches - Financial Times

11/23/2012 | 01:58am US/Eastern

Royal Bank of Scotland PLC (RBS.LN) has attracted interest from a second private equity group looking at a potential bid for hundreds of its branches that were put back up for sale after the collapse of a deal with Santander, reports the Financial Times Friday, citing people close to the situation.

AnaCap Financial Partners, a London-based private equity group, is said to be interested in a potential bid for the 316 branches, said that person. The group completed the first private equity buyout of a U.K. bank in 2009 when it bought Ruffler Bank, a lender later renamed Aldermore.

A deal to sell the RBS estate, initially valued at GBP1.65 billion, collapsed after Spanish bank Santander pulled the plug last month, citing concerns over delays to the completion date, largely caused by mismatched IT systems.

JC Flowers, the private equity group founded by Christopher Flowers, as well as Nationwide Building Society and Sir Richard Branson's Virgin Money have not ruled out making bids, the report said, citing people with knowledge of the situation.

Newspaper Web site:

-London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320

Subscribe to WSJ:

React to this article
2h ago Intesa targets private banking, asset management acquisitions - paper
1d ago BARCLAYS : hires two new RBS corporate bankers
1d agoDJBNY Mellon Fires Senior Currencies Trader After Internal Review -- Source
1d ago ROYAL BANK OF SCOTLAND : Finance regulators overlook offshoring in RBS IT failur..
1d ago ROYAL BANK OF SCOTLAND : *morgan stanley raises rbs price target to 405 (350) pe..
1d ago ROYAL BANK OF SCOTLAND : *traders: morgan stanley raises rbs price target to 405..
2d ago British banks' rotten culture will take generation to fix - think tank
2d ago ROYAL BANK OF SCOTLAND : Allotment and Issue of New Ordinary Shares
2d ago ROYAL BANK OF SCOTLAND : Raises GBP64 Million Via Subscription (ALLISS)
2d ago Italy's Intesa eyes Coutts International - source
Duration : Period :
Royal Bank of Scotland Gro Technical Analysis Chart | RBS | GB00B7T77214 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes