The investment bankers will start meeting investors later this year to prepare the ground for the IPO, asking what those investors want to see in a new bank and how much they might be prepared to pay for Williams and Glyn. It appears that RBS (RBS) is preparing to sell off its the Royal Bank of Scotland business with the hiring of Williams & Glyn to prepare the sale. RBS was ordered to sell the company by European regulators as a condition of its £46bn bailout; however, the sale process has been costly and hampered by setbacks, primarily due to technology issues. It is understood that RBS values the bank at £ 2.31bn ($ 1.5bn ).
It appears that RBS (RBS) is preparing to sell off its the Royal Bank of Scotland business with the hiring of Williams & Glyn to prepare the sale. RBS was ordered to sell the company by European regulators as a condition of its £46bn bailout; however, the sale process has been costly and hampered by setbacks, primarily due to technology issues. It is understood that RBS values the bank at £ 2.31bn ($ 1.5bn ).