Rbs Looking for Pounds 1bn Bids for 318 Branches ; Financial Mail [Edition 3]

Summary


ROYAL Bank of Scotland is hoping for bids of well over Pounds 1 billion for the 318 branches it has put up for sale. Would-be buyers table their offers on Tuesday.

Spain's Santander is seen as a favourite to pick up the branches, but Sir Richard Branson's Virgin Money, backed by American billionaire Wilbur Ross, is also likely to bid, as is National Australia Bank, owner of Clydesdale and Yorkshire banks.

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Rbs Looking for Pounds 1bn Bids for 318 Branches ; Financial Mail [Edition 3]

The branches, being sold under the old Will...

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