RBS strikes pre-IPO deal for Williams & Glyn's

The Royal Bank of Scotland Group has agreed a pre-IPO investment in its Williams & Glyn's bank brand with a consortium of investors led by global financial services specialists Corsair Capital and Centerbridge Partners. The Williams & Glyn's business comprises 308 RBS branded branches in England and Wales; 6 NatWest branded branches in Scotland; the retail and SME accounts attached to these branches; the direct SME business and certain Mid-Corporate customers across the UK.

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