The sale of Royal Bank of Scotland’s 315 branches could take longer than expected, it has emerged.
One of the bidders for the branches, W&G investments, said its proposed acquisition could be delayed beyond its two year schedule.
“It is possible that separation will not be achieved within the two-year period currently contemplated by RBSG,” the company said in a regulatory filing.
Other suitors include a consortium that includes private equity firms Corsair Capital and Centerbridge and a group led by buyout major Blackstone.
RBS was due to sell the branches to Santander for £1.65bn, but the deal fell through last year. RBS has been ordered to sell the branches by EU regulators as part of its bailout deal with the UK government.
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