A Royal Bank of Scotland portfolio of property loans worth 3 billion pounds ($4.8 billion) is reportedly drawing the interest of U.S. bank Goldman Sachs, U.S. distressed debt specialist Lone Star and private equity firm Blackstone, according to a report in the Sunday Times. The report, which cited no sources about the identity of potential bidders, said the first round bids are expected in the next two weeks. RBS did not comment on the story while the three potential bidders were not available for comment.
(Reuters) – At least three potential bidders are casting an eye over a 3-billion-pound ($4.8 billion) portfolio of property loans that could be sold by Royal Bank of Scotland, the Sunday Times reported.
U.S. bank Goldman Sachs , U.S. distressed debt specialist Lone Star and private equity firm Blackstone are all considering bids, the newspaper said, without citing sources.
First round bids are expected to be submitted within the next two weeks, it added.
Royal Bank of Scotland (RBS) declined to comment, though a source with knowledge of the matter said the Edinburgh-based bank had not made any decision concerning the sale of the portfolio.
The three potential bidders were either not immediately available for comment, or could not immediately be reached for comment.
(Reporting by Sudip Kar-Gupta and Mark Potter; Editing by Jon Loades-Carter)