RBS offered over $1.55B for branch network in quick sale, DJ reports


Former Tesco (TESO) Finance Director Andy Higginson, representing a consortium of investment and hedge fund companies, offered Royal Bank of Scotland Group (RBS) over $1.55B for a network of branches on the condition of a quick sale, according to the Sunday Times newspaper, reports Dow Jones. The consortium includes Schroders, Invesco, Threadneedle, Lansdowne Partners and GLG, as well as the billionaire Pears family.

View Comments (0)