(Reuters) – A consortium led by private equity firm Corsair will pay 600 million pounds ($960 million) to be an anchor investor in 314 branches being sold by Royal Bank of Scotland (RBS.L: Quote, Profile, Research, Stock Buzz).
RBS said on Friday the consortium had won an auction and would take a significant minority stake in the branch network, to be called Williams & Glyn’s, when it lists on the stock market at a later date.
