Talks on takeover of Ulster Bank start

Royal Bank of Scotland chief executive Ross McEwan has confirmed that there have been negotiations with private equity firms over a possible takeover of Ulster Bank.

Talks on takeover of Ulster Bank start

Asked if it could attract private equity investment, Mr McEwan said: “It’s one of the options we’re exploring. I know there’s been a lot of speculation on that, and it’s interesting how many people want to buy into Ireland at the moment.”

The Irish Examiner reported on Wednesday that one of the options that RBS is considering is a management-supported private equity takeover of Ulster Bank.

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