Santander UK has hired advisers to help it make a fresh bid for Royal Bank of Scotland 's ( RBS ) Williams & Gray ( W&G ) Sky News has learnt that the Spanish-owned lender has appointed investment bankers at UBS to advise on an offer for Williams & Glyn (W&G;), for which the taxpayer-backed RBS said last month it would consider takeover proposals. branch network , according to reports . A previous deal between Santander and BT collapsed in 2012 due to concerns by shareholders over IT issues relating to the separation of the branch network . A formal auction of W&G will begin in the next few months , as RBS looks to secure an exit from the business ahead of an extended deadline set by the European Commission . Sources say that Banco Sabadell is also interested in buying , despite remarks from its senior executive last week that it was not looking at further takeovers " for the next year " .
Santander UK has hired advisers to help it make a fresh bid for Royal Bank of Scotland 's ( RBS ) Williams & Gray ( W&G ) branch network , according to reports . A previous deal between Santander and BT collapsed in 2012 due to concerns by shareholders over IT issues relating to the separation of the branch network . A formal auction of W&G will begin in the next few months , as RBS looks to secure an exit from the business ahead of an extended deadline set by the European Commission . Sources say that Banco Sabadell is also interested in buying , despite remarks from its senior executive last week that it was not looking at further takeovers " for the next year " .