Santander to submit final bid for RBS branches

Spanish bank Santander today looked set to be the only firm bidder in the auction of 318 branches being sold by Royal Bank of Scotland.

Santander to submit final bid for RBS branches
Sun, 13 Jun, 2010 - 17:37

Spanish bank Santander today looked set to be the only firm bidder in the auction of 318 branches being sold by Royal Bank of Scotland.

The group, which has snapped up Abbey National, Alliance & Leicester and the savings arm of Bradford & Bingley in recent years, is expected to submit a final offer of between £1.7bn (€2bn) and £1.8bn (€2.2bn).

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CourtsBusinessHeathrowPlace: UKPlace: Northern RockPlace: ScotlandPerson: LloydsOrganisation: SantanderOrganisation: RBSOrganisation: Royal Bank of ScotlandOrganisation: Abbey NationalOrganisation: Alliance & LeicesterOrganisation: Bradford & BingleyOrganisation: Financial TimesOrganisation: BBVAOrganisation: National Australia BankOrganisation: Virgin MoneyOrganisation: BlackrockOrganisation: Williams & GlynOrganisation: European CommissionOrganisation: Lloyds Banking GroupOrganisation: LloydsOrganisation: TSBOrganisation: CheltenhamOrganisation: GloucesterOrganisation: EU
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