RBS no longer for sale
The Royal Bank of Scotland has decided to keep its Romanian subsidiary, which had been included on a list of 15 units for sale; the decision came after the offers received from potential buyers were deemed as too low.
The Royal Bank of Scotland has decided to keep its Romanian subsidiary, which had been included on a list of 15 units for sale; the decision came after the offers received from potential buyers were deemed as too low. “RBS decided not to sell the Romanian subsidiary at this moment. Since the sale announcement, on February 26, we have discussed with several potential buyers, but the prices were not right for a business with a very good evolution. From the very beginning we said we were not under pressure and we would not sell at any price,” Peter Weiss, RBS Bank Romania chairman, told ZF. He was directly involved in the sale of the bank, being part of the team that negotiated with potential investors. In ZF’s “Top 100 most valuable companies in Romania”, the 2008 edition, RBS was assessed at 300m euros.
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