Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector 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: http://www.ft.com

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

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

React to this article
Latest news on ROYAL BANK OF SCOTLAND GRO
02:04a ROYAL BANK OF SCOTLAND : Manager defrauded bank again after prison release ; Ex-..
02/06 ROYAL BANK OF SCOTLAND : U.S. Mortgage Suit Costs RBS $2.1 Billion
02/05 Barclays hired to manage Britain's Lloyds share sales
02/05 ROYAL BANK OF SCOTLAND : NatWest joins new entrepreneurs programme Growth Builde..
02/04 Barclays to hand Qatar deal documents over to UK's SFO - Bloomberg
02/04 ROYAL BANK OF SCOTLAND : NatWest and Royal Bank of Scotland help first time buye..
02/03 ROYAL BANK OF SCOTLAND : Rbs scraps $2.8 billion indian banking biz sale process
02/03 ROYAL BANK OF SCOTLAND : NatWest partners with Citizens Advice to support vulner..
02/03DJNational Australia Bank Floats UK Banking Arm CYBG at Sharp Discount -- Updat..
02/03DJNational Australia Bank Floats U.K. Banking Arm at Sharp Discount
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials