14th Sep 2015 05:49
LONDON (Alliance News) - The Royal Bank of Scotland Group PLC is understood to have hired Bank of America Merrill Lynch to prepare the London stock market listing of its Williams & Glyn spin-off, The Daily Telegraph reported.
The initial public offering of the business is due to take place next year and is it thought the bank will look to raise GBP1.5 billion from the float, according to the newspaper.
http://www.telegraph.co.uk/finance/newsbysector/epic/rbs/11859162/RBS-hires-Bank-of-America-for-Williams-and-Glyn-float.html
By Sam Unsted; [email protected]; @SamUAtAlliance
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