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Santander rejected £ 11 billion offers from Natwest for UK unit


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Santander rejected about 11 billion pounds for the Britain’s Retail Bank, after this year, he said that the proposal was very low after this year after the loan of Spain.

This Approach by the state-supported English creditorAccording to the people recommended by Morgan Stanley and UBS, people who are familiar with the issue are no longer living.

Santander has lifted 7 billion euros from one sale since then This week is a great share in the Polish sectionThe UK unit is less likely to be sold. Spanish creditor said that a strategic pivot in other regions will rebuild some of the funds to invest in other regions because it speeds up Europe from Europe to America.

Natwest’s approach – Since the criminal of England, the largest British bank deal has been the largest British bank deal – after preparing to expand in the domestic market in the domestic market, the expected 46 billion pounds in the next week.

Paul Thwaite, CEO of the Bank, said he would have previously “front foot”. He said that any purchase should be “completely attractive to the share prospect.”

Natwest has been higher than £ 3 billion, but lower than £ 12 billion but a proposal that is below £ 12 billion.

Santander, a subsidiary, which includes both retail and commercial banking, according to the Group, according to the Group, the Group has a metric that widely reflects the market value.

Meanwhile, the agreed price for the Polish section, equitated material book value 2.2 times, a significant appreciation from the total group.

The Bank also previously rejected Britain’s Barclays from Barcla to Barclage from Barclage to BARTs.

Recently, continental Europe became the most valuable bank in Europe, in some European countries, in some European countries to empty resources to enter a driver in the leadership of the Mother Botín. This included a boost in the United States, where the corporate and investment bank was aggressive.

“We want to be an appropriate bank in the United States,” he said.

In the meantime, the Bank has resulted in more than 2,000 jobs in the UK, the UK has 18,000 employees in the UK, and 14 mn clients.

The group was disappointed with the high price base of the United Kingdom and other markers of some lending, as well as weaker returns in the British Ringkment regime. Explored a number of options for the British Bank, including the Bank of Spanish Extract the market completely.

A person familiar with the bank should return to “a great proposal to make a great proposal”, which has any potential, Santander’s assortment of Santander, to download the Santander’s assortment bank.

Santander said: “As we say, the UK is not for sale and is the main part of the santander’s diversified business model.”

Natwest refused to comment.

Additional report by Ivan Levingston in London



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