UK financial services group Nationwide is interested in bidding for 316 branches being sold by Royal Bank of Scotland to speed up its expansion into lending to small and medium-sized businesses, writes Reuters. A 1.65-billion-pound ($2.6 billion) deal to sell the branches collapsed last month after Spanish bidder Santander said the process of carving out the business had proved more difficult than expected, writes Reuters.
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Vision Capital has acquired Vitopel from funds advised by DLJ Merchant Banking Partners and J.P. Morgan Partners. Vitopel is a producer of BOPP (bi-axially oriented polypropylene) film in Latin America, generating over $300 million of revenue in 2011. As part of the transaction, Vision Capital completed a debt restructuring led by Vitopel’s existing creditors, Credit [...]
MADRID (Reuters) – Spain’s largest bank Santander is in talks to buy U.S. bank Sovereign Bancorp Inc, but that no deal has yet been reached, Santander said in a statement on Monday. A source familiar with the matter said late on Sunday the Spanish bank was in advanced talks to acquire full control of [...]