CYBG Confirms Talks With RBS Over Williams and Glyn Operations
October 26 2016 - 2:56AM
Dow Jones News
By Ian Walker
LONDON--Banking group CYBG PLC (CYBG.LN) confirmed Wednesday
that it has made a preliminary non-binding proposal to Royal Bank
of Scotland Group PLC (RBS.LN) in relation to its Williams and Glyn
operations.
Responding to recent press talks, the holding company for the
Clydesdale and Yorkshire Banks, said a deal will only be pursued if
it's in the best interest of shareholders, and therefore there's no
certainty any transaction will occur.
Further announcements will be made as required, CYBG added.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
October 26, 2016 02:41 ET (06:41 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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