Santander makes offer to buy RBS branches: Dow Jones < Spanish news | Expatica Spain

<a href="http://www.expatica.com/es/news/local_news/santander-makes-offer-to-buy-rbs-branches-dow-jones.html">Santander makes offer to buy RBS branches: Dow Jones < Spanish news | Expatica Spain</a>: "Spanish banking group Santander has offered the Royal Bank of Scotland 1.8 billion pounds to buy 318 branches of the British financial giant, Dow Jones Newswires reported Monday.<br />Santander may be the only group to have put its name forward to buy the RBS branches, for the equivalent of 2.2 billion euros or 2.7 billion dollars, when a deadline passes Monday evening, said Dow Jones. RBS declined to comment.<br />The Spanish group already has 1,300 bank branches in Britain after its takeovers of Abbey in 2004, Bradford and Bingley in September 2008 and Alliance and Leicester in October 2008.<br />Many have already changed their branding to Santander and the rest will do so by the end of the year. <br />Dow Jones further reported that Santander initially offered two billion pounds but dropped its offer to 1.8 billion after going over the bank's books.<br />RBS, which is 83-percent owned by the British government after being bailed out, has until 2013 to sell its branches in line with a demand made by the European Commission in exchange for aid received in the crisis."

Santander makes offer to buy RBS branches: Dow Jones < Spanish news | Expatica Spain

Santander makes offer to buy RBS branches: Dow Jones < Spanish news | Expatica Spain : "Spanish banking group Santander has offered ...

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