December 12, 2013
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Bidder says rbs branch sale could be delayed (Reuters)W investments plc, one of
the three bidders vying for royal bank of scotland's 315 branches, said the sale
could be delayed beyond the twoyear schedule. Rbs has been ordered to sell the
branches in return for receiving a 45.5 billion pound($71.04 billion)Bailout
during the 2008 financial crisis which left british taxpayers owning 81 percent
of the bank.The sale process dubbed project rainbow, suffered a setback in
october when santander pulled out of a deal to buy the branches for 1.65 billion
pounds. "It is possible that separation will not be achieved within the twoyear
period currently contemplated by rbsg,"W investments, which will list on the
london stock exchange on monday, said in a regulatory filing christian louboutin boots sale while
listing risk factors to the possible deal. W investments said the proposed deal
was a complex and christian louboutin
sale time consuming process. W investments led by former tesco finance
director andy higginson;A consortium including private equity firms corsair
capital and centerbridge;And a group led by anacap financial and blackstone are
bidding for the statebacked bank's branch network. W investments said the
overall consideration for the deal had yet be agreed upon.However, if
successful, it would pay 1.1 billion pounds in cash up christian
louboutin pumps sale front. (Reporting by karen rebelo in bangalore christian louboutin daffodil and laura
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