£4bn Santander IPO looming after RBS branch acquisition

05 Aug 2010

An IPO from Santander UK, worth as much as £4bn, came a step closer this week when it agreed to buy 318 branches from RBS for £1.65bn.

The long-expected acquisition of the branches will be completed in December and ECM bankers expect an IPO to take place either at the end of 2010 or in the first quarter of 2011. Bookrunners have yet to be appointed to the deal.

Earlier reports had estimated the value of ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial