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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.