Member access

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

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

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:

Recommend :
React to this article
2d ago ROYAL BANK OF SCOTLAND : Bank to sell contentious pounds 3bn property unit
2d agoDJLONDON MARKETS : U.K. Stocks Rise To One-week High; Barclays Jumps
2d agoDJLONDON MARKETS : U.K. Stocks Rise To One-week High; Barclays Jumps
2d ago ROYAL BANK OF SCOTLAND : RBS review finds no evidence of fraud in UK business le..
2d agoDJLONDON MARKETS : U.K. Stocks Flirt With One-week High; Barclays Rise
2d ago ROYAL BANK OF SCOTLAND : RBS responds to Clifford Chance report into allegation ..
2d ago ROYAL BANK OF SCOTLAND : RBS Says Review Finds No Evidence To Support Small Busi..
2d ago ROYAL BANK OF SCOTLAND : RBS 'Cleared' Of Ill-Treating Small Firms
2d ago ROYAL BANK OF SCOTLAND : New jobs in medical equipment with NatWest funding
2d agoDJRSA Insurance Sells Baltics, Poland Units for $500 Million
Duration : Period :
Royal Bank of Scotland Gro Technical Analysis Chart | RBS | GB00B7T77214 | 4-Traders
Income Statement Evolution
Royal Bank of Scotland Gro : Income Statement Evolution
More Financials
Dynamic quotes